Which One of the Following Is Not a Feature of Corporate

question 60

Multiple Choice

Which one of the following is not a feature of corporate owned life insurance? (Corporate-Owned Life Insurance)

• A)Employers use it to recover cost of qualified plans
• B)Designated amount paid to designated beneficiaries of deceased
• C)The goal is to purchase policies that match the amount of deferred compensation promised to executives
• D)Using it does not create a funded plan

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Definitions:

Prevent

To stop something from happening or to avoid certain outcomes through actions or interventions.

Health Psychologists

Specialists in psychology who study how biological, psychological, and social factors affect health and illness.

Life Expectancy

The average period that a person is expected to live, usually measured at birth based on a range of demographic factors.

Binge Drink

The consumption of an excessive amount of alcohol in a short period, often leading to acute intoxication.