Companies that are structured by grouping people performing similar activities into departments are:

Which of these riders will pay a death benefit if the insured's spouse dies?

A) Guaranteed insurability rider B) Family term insurance rider C) Family whole insurance rider D) Payor benefit rider

John sold a property to Sam on an installment sale for income tax purposes. The buyer assumed an existing loan which exceeded John's basis in the property. John thus had loan relief (excess mortgage over basis). The excess amount must be:

A: Deducted from the basis; B: Made a part of the sales price; C: Added to the basis; D: Made a part of the down payment whether cash was received or not.