Destruction of the subject matter of an agency ends an agency relationship

When conducting a discussion with a client about the merits of investing in a DPP, all of the following could be tax advantages EXCEPT:

I. accelerated depreciation. II. depletion allowances. III. recapture of depreciation. IV. tangible drilling expenses. A) II and III. B) I and II. C) I and IV. D) III and IV.

The elimination or waiting period for disability income- protection is the time between

A) when you apply for membership and when you are admitted into the plan. B) when you pay your first premium and when your plan coverage begins. C) the onset of the disability and rehabilitation. D) the onset of the disability and when coverage for lost income begins.