All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT:

All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT:



a. the employer pays a bonus to a selected employee to fund to policy
b. it is considered a non qualified employee benefit.
c. the policy is owned by the company
d. any type of insurance policy may be used.


Answer: c. the policy is owned by the company.

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