QQuestionTaxation
QuestionTaxation
Dividends paid from a life insurance policy are
A. guaranteed
B. taxable
C. issued by the insurer
D. issued by the Department of Insurance
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Answer
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Step 1I'll solve this problem step by step:
Step 2: Understand the Key Terms
Dividends in life insurance are payments made to policyholders when the insurance company has excess earnings or performs better than expected financially.
Final Answer
Dividends are issued by the insurer. Key Insight: Life insurance dividends represent a potential financial benefit for policyholders, but they are not a guaranteed or mandatory payment from the insurance company.
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