Question 4016 of 287 · Texas Life, Accident and Health Agent Exam

Premiums paid for an individual life insurance policy by the owner are generally

Exactly one answer is correct.

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Correct answer to question 4016

  • C: not tax deductible

Explanation

Personal life premiums are non-deductible. Business-owned policies are normally not deductible either when the business is the beneficiary.

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