10 11 12 13 14 15 16 QUESTION 11 Sarah recently discovered that she is...
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10 11 12 13 14 15 16 QUESTION 11 Sarah recently discovered that she is the named beneficiary on her aunt's life insurance policy. The policy has a face value of $250.000 and she is the sole beneficiary. Which of the following statements are true Sarah can assign the policy as collateral for a loan O Sarah will have to pay tax on the death benefit based on her marginal tax rate Sarah will not have to pay tax on the death benefit QUESTION 12 1 poin What is a life insurance policyowners right of recention The right to assign the policy to a third party who does not have an insurable interest in the life insured The right to return the policy and receive a full refund of premiums The right to increase the face value without a medical here to search ET
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