Analyze the costs and benefits of term and permanent (whole) life insurance such as the cost of premiums, dividends, accumulation of cash value, tax treatment of death benefits, and protection from creditors of death benefits and cash values
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Q 1/3
Score 0
What is the cash value of your permanent life insurance policy?
300
The amount of money that will pay out when you die.
The amount of money your policy has earned on investments.
Q 2/3
Score 0
What is the relationship between the premiums you pay and the cash value of your life insurance policy?
300
Part of the premiums go towards investments that increase your cash value.
Premiums pay towards the death benefit of your plan, which is your cash value.
Premiums have no relationship to the cash value at all.
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3 questions
Q.
What is the cash value of your permanent life insurance policy?
1
300 sec
130.180.F.10.A
Q.
What is the relationship between the premiums you pay and the cash value of your life insurance policy?
2
300 sec
130.180.F.10.A
Q.
Carlotta has paid $1,083 annually towards her whole life insurance policy for 30 years. The cash value of her policy is $53,845. How much can she take of that cash value without having to pay taxes?
