Larisa owns a $300,000 whole life insurance G2 policy with a CSV of $42,000 and an ACB

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Larisa owns a $300,000 whole life insurance G2 policy with a CSV of $42,000 and an ACB of $20,000. She applies to reduce her coverage to $200,000. Assuming her marginal tax rate is 35%,

How much will be the tax payable for the resulting policy gain?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 22, 2024 01:08 AM

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Larisa owns a $300,000 whole life insurance G2 policy with a CSV of $42,000 and an ACB

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Microeconomics An Intuitive Approach with Calculus

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