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keyone keyone
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7 years ago
When an insured dies with an incident of ownership in a life insurance contract:
A) the face amount is included in the gross estate
B) the face amount is not taxed at all due to a loophole in estate tax laws
C) only the cash value at death is included in the estate
D) only is taxed due to the spouse's assumed half ownership
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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jameeljameel
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#1
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7 years ago
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keyone Author
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7 years ago
Correct Slight Smile TY
sweetalia
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Yesterday
Thanks for your help!!
derya1234
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2 hours ago
Smart ... Thanks!
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