Page 69 - Other Income for Individuals
P. 69
Accelerated Death Benefits (6/7)
EXCEPTION
The exclusion doesn’t apply to any
amount paid to a person (other than the
insured) who has an insurable interest in
the life of the insured because the
insured:
Is a director, officer, or employee
of the person; or
Has a financial interest in the
STEP 01 person's business.
STEP 02 STEP 03 STEP 04 EXCEPTION
STEP 06
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