Ben has an individual disability income policy. Which of the following is true?

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Ben has an individual disability income policy. Which of the following is true?

a. Premiums are not tax-deductible, but benefits are received tax-free.

b. Premiums are tax-deductible, but benefits are taxable.

c. Premiums are tax-deductible and benefits are tax-free.

d. Premiums are not tax-deductible and benefits are taxable.

Answer: a. Premiums are not tax-deductible, but benefits are received tax-free.

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