Series 6 - Investment Company And Variable Contracts Products Representative Exam

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The IRS early withdrawal penalty is not applicable to withdrawals in the event of:

Qualified medical expenses only
A
Death, qualified medical expenses and divorce
B
Death and qualified medical expenses only
C
Death and the purchase of a secondary residence
D

Explanations

The 10% early withdrawal penalty does not apply in the event of death or qualified medical expenses.

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