All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT1. The employer pays a bonus to a selected employee to fund the policy.2. It is considered a nonqualified employee benefit.3. The policy is owned by the company.4. Any type of insurance policy may be used.
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The post All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT 1. The employer pays a bonus to a selected employee to fund the policy. 2. It is considered a nonqualified employee benefit. 3. The policy is owned by the company. 4. Any type of insurance policy may be used. appeared first on Superb Professors.
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