Life insurance provides a generally income tax-free lump sum of money for your survivors in the...

Life insurance provides a generally income tax-free lump sum of money for your survivors in the event of your death. The appropriate amount of insurance depends only depends on your age.

True or False?

Expert Solution

Answer is true

because proceeds received from life insurance of insurer on the death of the insured are generally tax free.

jeff jeffy answered 2 years ago

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