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Life Insurance Planning
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Question 1 of 10
1. Question
A limited liability company (LLC) combines the tax advantages of a partnership with the:
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Question 2 of 10
2. Question
In a stock redemption type of buy-sell agreement, the shares of a deceased shareholder are purchased by:
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Question 3 of 10
3. Question
If a corporation with three shareholders enters into a cross purchase buy-sell agreement and decides to fund the agreement with life insurance, how many policies will be needed?
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Question 4 of 10
4. Question
Under the endorsement method of structuring a split dollar arrangement, the owner of the life insurance policy is the:
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Question 5 of 10
5. Question
When calculating the amounts that an employee must report in income as a result of a split dollar arrangement, which of the following amounts may be subtracted from the economic benefit amount?
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Question 6 of 10
6. Question
Provided that the necessary requirements are met, retirement benefits paid to a retired employee from a nonqualified deferred compensation plan are:
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Question 7 of 10
7. Question
A “top hat plan” is a type of nonqualified deferred compensation plan that is:
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Question 8 of 10
8. Question
With an irrevocable life insurance trust, the life insurance policy:
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Question 9 of 10
9. Question
A guaranteed insurability rider provides the insured person with the ability to:
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Question 10 of 10
10. Question
An S corporation can have up to how many shareholders?
