Question

With regard to "life insurance," comment on the following.
a. What the term includes (i.e., types of policies).
b. The meaning of "incidents of ownership."
c. When a gift occurs upon maturity of the policy.
d. The tax consequences when the owner of the policy predeceases the insured and the beneficiary.
e. The tax consequences when the owner-insured gives the policy to the benefici ary and dies shortly after making the gift.


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  • CreatedSeptember 09, 2015
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