In a Split Dollar Plan a Key Issue Relates to the Actual

question 5

Multiple Choice

In a split dollar plan a key issue relates to the actual ownership of the policy. What are the two common methods of implementing a split dollar plan?

• A) The employer/employee split ownership method
• B) The endorsement method and the collateral assignment method
• C) Third party ownership and employee trust plan
• D) IRS Code 503 plan and employee trust plan
• E) Split Term Life Method

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Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

TOMS Shoes

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Individuals or groups that have an interest in the decisions and activities of a company, project, or organization, including customers, employees, investors, and suppliers.