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?

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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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