Which of the followings is NOT correct about life insurance? O a. To meet an insured person's debts and other financial commitments in the event of death. O b. To provide a financial benefit to dependents upon premature death of an insured person. O . To provide a sum of money if an insured person got a fire in his factory. O d. To pay for urgent medical expenses to save the life of an insured person if that is needed.
Which of the followings is NOT correct about life insurance? O a. To meet an insured person's debts and other financial commitments in the event of death. O b. To provide a financial benefit to dependents upon premature death of an insured person. O . To provide a sum of money if an insured person got a fire in his factory. O d. To pay for urgent medical expenses to save the life of an insured person if that is needed.
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 4MCQ: Which of the following is true about the self-employed health insurance deduction? The deduction can...
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![Which of the followings is NOT correct about life insurance?
O a. To meet an insured person's debts and other financial commitments in the event of death.
O b. To provide a financial benefit to dependents upon premature death of an insured person.
O C. To provide a sum of money if an insured person got a fire in his factory.
O d. To pay for urgent medical expenses to save the life of an insured person if that is needed.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5c7e13e8-f7cd-484c-be45-20c3005cdbc9%2Fe09b16c1-fb04-4020-a538-06c2ede3086e%2Fu4fq6y5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the followings is NOT correct about life insurance?
O a. To meet an insured person's debts and other financial commitments in the event of death.
O b. To provide a financial benefit to dependents upon premature death of an insured person.
O C. To provide a sum of money if an insured person got a fire in his factory.
O d. To pay for urgent medical expenses to save the life of an insured person if that is needed.
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