Shanti, owner of a Universal Life (UL) policy, has been very pleased with the performance of...

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Shanti, owner of a Universal Life (UL) policy, has been very pleased with the performance of her investment account. In fact, 30 days ago the policy failed the Maximum Tax Actuarial Reserve (MTAR) test. Which of the following remedies would the insurance company implement in order to ensure that the policy remains exempt from annual accrual 17 O taxation? Oa) make up the difference by making an additional deposit Ob) decrease the face value Oc) increase the face value Od) make up the difference by moving the amount from the taxable side fund to the accumulating fund Prev Next View Summary Close Drivagy Pelie Terms Convright © 2002-2020 www.JESE ca All rights reserved World's 1st Lltra-low Profilo Shanti, owner of a Universal Life (UL) policy, has been very pleased with the performance of her investment account. In fact, 30 days ago the policy failed the Maximum Tax Actuarial Reserve (MTAR) test. Which of the following remedies would the insurance company implement in order to ensure that the policy remains exempt from annual accrual 17 O taxation? Oa) make up the difference by making an additional deposit Ob) decrease the face value Oc) increase the face value Od) make up the difference by moving the amount from the taxable side fund to the accumulating fund Prev Next View Summary Close Drivagy Pelie Terms Convright © 2002-2020 www.JESE ca All rights reserved World's 1st Lltra-low Profilo