Question 8011 of 287 · Texas Life, Accident and Health Agent Exam
Benefits received from an individually owned disability income policy where the insured paid the premiums with after-tax dollars are
Exactly one answer is correct.
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Correct answer to question 8011
- C: not taxable income to the insured
Explanation
When premiums are paid by the individual, benefits are received tax free. If the employer paid the premiums and did not include them in income, the benefits are taxable.
More questions: Accident and Health: Other Insurance Concepts
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