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Advantages of using life insurance funding in a buy-sell agreement include all of the following EXCEPT:

A Section 162 plan is frequently referred to as an “Executive Bonus” plan.

Which of the following circumstances, if true, would make a nonqualified deferred compensation plan inadvisable?

Which of the following rights is generally considered an incident of ownership of life insurance?

Which of the following gifts of less than the client’s entire interest in property would NOT generate an income tax deduction?

What IRS form does a life insurance carrier report the value of a life insurance policy?

A policyowner who learns that his or her insurer is financially troubled should surrender the policy at the earliest possible date.

It is important in reviewing a policy illustration to remember that dividends are not guaranteed.

The transfer for value rule does not apply to a transfer to:

Generally, parachute rules also apply to payments from qualified retirement plans.