IDNLearn.com: Your trusted platform for finding precise and reliable answers. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.
Which of the following statements regarding the incidental death benefit test for life insurance inclusion in a qualified plan is (are) correct? for defined contribution plans, no more than 25% of the plan's assets may be in the form of universal life insurance cash value. for defined benefit plans, the life insurance death benefit cannot exceed 100 times the expected monthly benefit for an employee.
a) i only b) neither i nor ii c) both i and ii d) ii only
Sagot :
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for choosing IDNLearn.com. We’re committed to providing accurate answers, so visit us again soon.
