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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