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Health and Life Insurance

Category - Tax Issues

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The best form of life insurance coverage for an individual whose goal is to reduce or eliminate estate taxes upon their death is __________.

Term
Permanent
Group
Split dollar

Explanation

Answer: B - The best form of life insurance coverage for an individual whose goal is to reduce or eliminate estate taxes upon their death is permanent. As nobody knows exactly when they will die, certain needs will require a permanent type of life insurance coverage. This will help in ensuring that there will be coverage in force for an indefinite period of time.

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Health and Life Insurance

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Health and Life Insurance

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