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Financial Planning and Insurance Final Exam Study Guide Multiple Choice

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Financial Planning and Insurance Final Exam Study Guide Multiple ChoiceExam 4  Question 1 2 out of 2 points For estate tax purposes, life insurance Selected Answer: held by a revocable life ... insurance trust is includable in the grantor's estate  Question 2 0 out of 2 points Which of the following goals can be achieved by the use of key employee life insurance? Assure shareholders of a public corporation that the price of the stock will not plummet at the death of a president or other senior executive.  Question 3 0 out of 2 points Which of the following circumstances, if true, would make a nonqualified deferred compensation plan inadvisable? Answer s: the business is not likely to survive the death, disability or retirement of its key employees  Question 4 0 out of 2 points All of these recent changes in qualified plan pension law have made nonqualifying deferred compensation plans more attractive, except easier nondiscrimination rules place fewer restraints on employer's discretion  Question 5 2 out of 2 points Which of the following types of qualified plans provides the most advantageous treatment of life insurance? Selected Answer: defined benefit plan  Question 6 [Show More]

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