Which of the following statements pertaining to executive bonus plans is CORRECT?
A) The business owns the life insurance policy.
B) The employee has access to the policy's living benefits.
C) Death benefits are paid to the business.
D) Premiums are paid by the employee."
Ans: B) The employee has access to the policy's living benefits.
You might also like to view...
Fannie Mae and Freddie Mac or responsible for which of the following?
A. Offering nonconforming loans B. Finding new sources in the primary mortgage market C. Ensuring loans made by approved lenders D. Standardizing lending practices and forms
Which one of the following is the best use of functional animation?
A) using Prezi software B) to demonstrate a sequence or procedure C) to ease the viewer's gaze from one slide to the next D) making a clipart image spin around in circles E) to allow one point to appear on the slide at a time