The textbook explicitly identifies ________ as situation where a properly designed database can yield tax benefits

Cal, age 57, owns a whole life insurance policy with a $750,000 face amount that was paid for with a single premium of $100,000. The current cash value is $125,000. If he were to borrow $30,000 from this policy today, which of the following choices best describes the tax treatment this transaction will receive?

A) $25,000 of the loan is subject to income taxation plus an additional 10% penalty tax. B) The first $25,000 of the loan is tax-free, but the remaining $5,000 is subject to income taxation. C) The loan is income tax-free. D) The first $5,000 of the loan is tax-free, and the remaining $25,000 is subject to income taxation.

This sentence has correct punctuation: "The telephone rang incessantly and the microphone emitted a screeching feedback sound."

a. true b. false