Which of the following statements about dividend options is (are) true
Which of the following statements about dividend options is (are) true? I. The interest on dividends left to accumulate with the insurer is not considered to be taxable income. II. Paid-up additions are additional units of whole life insurance.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: B
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