All of the following are true regarding the taxation of life insurance products, except:
A. Annuity death benefits are paid out totally tax free.
B. When an individual pays their own life insurance premiums they can not deduct
them on their personal income taxes.
C. Premiums paid by an employer on a non-contributory group plan are tax
deductible as a business expense.
D. All of the above are true
Ans: A. Annuity death benefits are paid out totally tax free.
Business