Which of the Following Would Result in Life Insurance Proceeds

question 93

Multiple Choice

Which of the following would result in life insurance proceeds that are taxable to the recipient?

• A)A life insurance policy transferred to a creditor in payment of a debt
• B)A life insurance policy in which the insured is the daughter of the taxpayer and the beneficiary is the taxpayer
• C)A life insurance policy transferred by a shareholder to a corporation
• D)A life insurance policy purchased by a taxpayer insuring his or her business partner
• E)A life insurance policy purchased by a corporation insuring an officer.

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