Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 OH-Life-Agent-Series-11-44 Question # 17 Topic 2 Discussion

Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 OH-Life-Agent-Series-11-44 Question # 17 Topic 2 Discussion

OH-Life-Agent-Series-11-44 Exam Topic 2 Question 17 Discussion:
Question #: 17
Topic #: 2

Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan proceeds


A.

accelerate the benefits under the policy.


B.

are not treated as taxable income.


C.

are subject to Federal estate tax.


D.

generate nontaxable interest income.


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