Exam term
Cost basis
The after-tax money paid into a policy, annuity or plan. It comes back tax-free on distribution, and only the earnings above it are taxed.
Lessons that use this term
- Tax treatment of life insurance and annuities, including modified endowment contracts California
- Qualified and nonqualified retirement plans Florida
- Tax treatment of life insurance premiums, proceeds, and MECs Florida
- Personal uses of annuities: tax deferral, retirement income, education funds, and guaranteed minimum withdrawal benefits New York
- Tax treatment of life insurance premiums, proceeds, and MECs New York
- Qualified and nonqualified retirement plans Texas
- Tax treatment of premiums and proceeds Texas