A covered person obtained an fixed return life insurance policy with an SEC restricted entity before they became a covered person. They may continue to hold this policy as long as they do not make any changes to the policy terms. is this statement true of false ?

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 4MCQ: Which of the following is true about the self-employed health insurance deduction? The deduction can...
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A covered person obtained an fixed return life insurance policy with an SEC restricted entity before they became a covered person. They may continue to hold this policy as long as they do not make any changes to the policy terms.

is this statement true of false ? 

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