Which statement is an accurate description of life insurance policy dividends?
A. They are likely to be larger in nonparticipating policies.
B. They are not taxable and are not guaranteed.
C. Stock insurers pay dividends to policyowners, mutual insurers pay dividends to shareholders.
D. They are guaranteed to be paid and they are taxable as income
Answer: B. They are not taxable and are not guaranteed.
Business
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Loans obtained by a policyowner against the cash value of a life insurance policy
A) are treated as taxable income B) would not be treated as taxable income C) are limited by the face amount of the policy D) would be subject to a Federal estate tax
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What refers to brands where at least 20 percent of the product is sold outside the home country?
a. master brand b. equity brand name c. ethnocentric trademark d. global brand
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