Question: If a policyowner elects within _ _ _ _ _ days following a life insurance policy surrender or maturity to receive the proceeds as periodic

If a policyowner elects within

_____

days following a life insurance policy surrender or maturity to receive the proceeds as periodic payments and has received no payments in cash during the period, the gain will be taxed over the installment period.

. 30

. 15

. 60

. 90

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