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Author Question: Supplemental Incentive Plan (SIP) (a) Can provide employees with up to 50,000 of tax-free group ... (Read 106 times)

kwoodring

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on: Jul 7, 2018
Supplemental Incentive Plan (SIP)
 
  (a) Can provide employees with up to 50,000 of tax-free group life insurance
  (b) Combines low-cost term insurance with tax-sheltered investment opportunities
  (c) Resulting cash value of plan can fund a deferred compensation agreement
  (d) A future income contract between employer and employee that provides supplemental income payments for a specified period of time or until death

Question 2

Split Dollar
 
  (a) Can provide employees with up to 50,000 of tax-free group life insurance
  (b) Combines low-cost term insurance with tax-sheltered investment opportunities
  (c) Resulting cash value of plan can fund a deferred compensation agreement
  (d) A future income contract between employer and employee that provides supplemental income payments for a specified period of time or until death


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krakiolit

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Reply #1 on: Jul 7, 2018
Answer to Question 1

d

Answer to Question 2

c


kwoodring

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Reply #2 on: Jul 7, 2018
Thank you :)


krakiolit

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Reply #3 on: Jul 7, 2018
Happy to help you


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