If health insurance premiums are not tax-deductible, the benefits are:

a. Tax-free, as long as they do not exceed the actual cost of medical expenses.

b. Always tax-free.

c. Taxable as ordinary income.

d. Only tax-free for disability income insurance.

Answer: a. Tax-free, as long as they do not exceed the actual cost of medical expenses.

Pre-Licensing Insurance

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A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n)
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The voluntary relinquishment of a legal right is called
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