Question: Question 2 Katrina applied for a $ 1 , 0 0 0 , 0 0 0 UL policy and chose a level plus account value

Question 2 Katrina applied for a $1,000,000 UL policy and chose a level plus account value death benefit, with a level cost of insurance costing option. At the time of her death, the investment account value was $100,000. What is true of this policy? Her beneficiaries would receive $1,100,000, of which $1,000,000 would be tax free. B The policy would be non-exempt, and the full death benefit would attract tax. C Her beneficiaries would receive $1,100,000 in a tax-free death benefit. D The policy would be non-exempt, and half of the death benefit would atract

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