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02-01-2020
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Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?A. Term life insuranceB. Health insuranceC. Whole life insuranceD. AnnuitiesE. Group life insurance

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BenitoMarin BenitoMarin

05-01-2020

Answer:

The correct answers are letters "C" and "D": Whole life insurance; Annuities.

Explanation:

The Department of the Treasury defines "covered products" as permanent life insurance policy not applicable to group life insurance policies; annuity contracts that do not include group annuity contracts; and, other insurance products with monetary value or considered investments.

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