The Working Family Household and Dependent Care Credit for Oregon is computed using exemptions on the tax return plus children living in the household but not claimed due to the custodial rules, and qualifying expenses for the care of children in the family.

Paul, age 62, is applying for a universal life insurance policy and wants to arrange the beneficiary designation in such a way as to use the proceeds to provide lifetime income to his spouse, Marsha. Which of the following settlement options is best suited for this purpose?

A) The insurer can distribute the proceeds in a lump-sum payment, deposit the money in a bank account, and then set up a periodic distribution plan for Marsha. B) Paul, as the owner, can pick life income as the settlement option his spouse must take when he dies. This option will give Marsha a monthly income she cannot outlive. C) Paul can select the fixed-period option and base the distribution period on Marsha's life expectancy at the time of Paul's death. D) Paul can leave the proceeds with the insurance company to accumulate interest and distribute the interest to Marsha."

Property Risk:

A) is an example of a speculative risk B) is an example of an indirect risk C) only relates to buildings D) is an example of a pure risk