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Business, 28.07.2021 03:30 sjharrison04
Lou set up an ILIT and transferred his life insurance policy with a death benefit of $2 million to the trust. The premiums are $20,000 each year. Lou named his wife Carol and his two children as trust beneficiaries and gave them the right to withdraw the greater of $5,000 or 5% each year. Which statement is NOT correct
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Lou set up an ILIT and transferred his life insurance policy with a death benefit of $2 million to t...
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