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13. Which of the following is a correct statement about whole life insurance policies? a. They do not build any cash value while the
13. Which of the following is a correct statement about whole life insurance policies? a. They do not build any cash value while the insured is living. b. They build guaranteed cash values on a tax-deferred basis. c. They do not provide pure protection against the risk of dying. d. Their death benefits are subject to income tax if paid in a lump sum.
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