Term life insurance has no investment element and no cash surrender value. As a result, a term

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Term life insurance has no investment element and no cash surrender value. As a result, a term policy represents pure insurance protection. What are the tax consequences when the owner lets a term policy lapse by discontinuing premium payments?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Mar 13, 2018 08:30 AM

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Term life insurance has no investment element and no cash surrender value. As a result, a term

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Taxation Of Individuals And Business Entities 2015

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