Vchapter 4 life insurance - Study guides, Class notes & Summaries

What is the percentage of personal life insurance premium is usually deductacle for federal income tax? - ANSWER0% Which settlement option pays a stated amount to an annuitant, but no residual value to beneficiary? - ANSWERLife income Which of the following best describes a contingent beneficiary? - ANSWERa person designated by the insured to receive policy proceeds in the event that the primary beneficiary dies before the insured. Quarterly premiums payment increase the annual cost of ...