Briefly explain the yearly rate-of-return method that policyholders can use to determine the rate of return on the saving component of a cash-value policy.
Answer to relevant QuestionsExplain the federal estate-tax treatment of life insurance death proceeds.Explain the federal income-tax treatment of a cash value policy with respect to each of the following:a. Payment of premiumsb. Annual dividendsc. Annual increase in the cash valued. Payment of death proceeds to a stated ...Mario, age 65, purchased an immediate annuity for $120,000 that pays a lifetime monthly income of $1000. The annuity has no refund feature. Based on the IRS actuarial table, Mario has a life expectancy of 20 years. If Mario ...Describe the major characteristics of a Roth IRA.a. Explain the various definitions of disability that are found in disability-income insurance.b. Briefly explain the following disability-income insurance provisions:Residual disabilityBenefit periodElimination periodWaiver ...
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