Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Which of the following statements regarding the incidental death benefit test for life insurance inclusion in a qualified plan is (are) correct?

1. for defined contribution plans, no more than 25% of the plan's assets may be in the form of universal life insurance cash value.
2. for defined benefit plans, the life insurance death benefit cannot exceed 100 times the expected monthly benefit for an employee.

a) neither i nor ii
b) both i and ii
c) i only
d) ii only

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.