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5 October, 04:08

Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?

A. Term life insurance

B. Health insurance

C. Whole life insurance

D. Annuities

E. Group life insurance

A. A, C and D

B. C and D

C. B, C and D

D. C, D and E

E. All of the above

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  1. 5 October, 07:09
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    B) C and D

    C. Whole life insurance D. Annuities

    Explanation:

    Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

    Permanent life insurance policy, other than a group and term life insurance policy An annuity contract, other than a group annuity contract Any other insurance product with features of cash value or investment.

    The AML's main goal is detect and stop terrorist financing.
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