Which of these is considered a major tax advantage of life insurance?

Insurance

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Which of these is considered a major tax advantage of life insurance?

Options

Tax credits are available for life insurance premiums paid
Annual earnings are tax free
Premiums are tax deductible by an employee if paid for by an employer
Income tax is typically not owed on proceeds paid directly to a beneficiary

Answer: Income tax is typically not owed on proceeds paid directly to a beneficiary

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