Taxes, Retirement, and Other Insurance Concepts 10/9/2019
Under SIMPLE plans, participating employees may defer up to a specified amount each year, and the employer then makes a matching contribution up to an amount equal to what percent of the employee's annual wages? A 10 B 3 C 5 D 7
B 3
An Internal Revenue Code provision that specifically provides for an individual retirement plan for public school teachers is a(n) A SEP. B 403(b) Plan (TSA). C Keogh Plan. D Roth IRA.
B 403(b) Plan (TSA
To attain currently insured status under Social Security, a worker must have earned at least how many credits during the last 13 quarters? A 4 credits B 6 credits C 10 credits D 40 credits
B 6 credits
In order to qualify for conversion from a group life policy that has been terminated to an individual policy of the same coverage, a person must have been insured under the group plan for how many years? A 1 B 3 C 5 D 10
C 5
The president of a manufacturing company has offered one of the company's officers a special individual annuity plan that is unavailable to lower-echelon employees. This plan would be funded with before-tax corporate dollars, and it does not meet government approval standards. This annuity plan is A Subject to government standards. B Illegal. C A nonqualified annuity plan. D An executive annuity plan.
C A nonqualified annuity plan.
Who can make a fully deductible contribution to a traditional IRA? A Someone making contributions to an educational IRA B A person whose contributions are funded by a return on investment C An individual not covered by an employer-sponsored plan who has earned income D Anybody: all IRA contributions are fully deductible regardless of income level
C An individual not covered by an employer-sponsored plan who has earned income
What type of life insurance is most commonly used for group plans? A Flexible premium whole life B Decreasing term C Annually renewable term D Whole life
C Annually renewable term
What does "liquidity" refer to in a life insurance policy? A The policyowner receives dividend checks each year. B The insured receives payments each month in retirement. C Cash values can be borrowed at any time. D The death benefit replaces the assets that would have accumulated if the insured had not died.
C Cash values can be borrowed at any time.
For a retirement plan to be qualified, it must be designed for the benefit of A Employer. B IRS. C Employees. D Key employee.
C Employees.
Which of the following is an eligibility requirement for all Social Security Disability Income benefits? A Have permanent kidney failure B Be at least age 50 C Have attained fully insured status D Be disabled for at least 1 year
C Have attained fully insured status
If an insured surrenders his life insurance policy, which statement is true regarding the cash value of the policy? A It is taxable only if it exceeds the amounts paid for premiums by 50%. B It is automatically taxable. C It is only taxable if the cash value exceeds the amount paid for premiums. D It is not considered to be taxable.
C It is only taxable if the cash value exceeds the amount paid for premiums.
Which of the following is NOT true regarding policy loans? A An insurer can charge interest on outstanding policy loans. B A policy loan may be repaid after the policy is surrendered. C Money borrowed from the cash value is taxable. D Policy loans can be repaid at death.
C Money borrowed from the cash value is taxable.
All of the following are characteristics of group life insurance EXCEPT A Individuals covered under the policy receive a certificate of insurance. B Certificate holders may convert coverage to an individual policy without evidence of insurability. C Premiums are determined by the age, sex and occupation of each individual certificate holder. D Amount of coverage is determined according to nondiscriminatory rules.
C Premiums are determined by the age, sex and occupation of each individual certificate holder.
The advantage of qualified plans to employers is A No lump-sum payments. B Taxable contributions. C Tax-deductible contributions. D Tax-free earnings.
C Tax-deductible contributions.
All of the following employees may use a 403(b) plan for their retirement EXCEPT A A part-time classroom aide. B The vice president of a charitable organization. C The CEO of a private corporation. D A school bus driver.
C The CEO of a private corporation
What is the purpose of key person insurance? A To insure retirement benefits are available to all key employees B To maintain an account that insures the owner of a company remains solvent C To lessen the risk of financial loss because of the death of a key employee D To provide health insurance to the families of key employees
C To lessen the risk of financial loss because of the death of a key employee
An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? A Nonpayment of premium B Change of beneficiary C Viatical settlement D Estate liquidation
C Viatical settlement
What is the name of the insured who enters into a viatical settlement? A Contingent B Viatical broker C Viator D Third party
C Viator
Which of the following statements concerning buy-sell agreements is true? A Premiums paid are deductible as a business expense. B Benefits received are considered income taxable. C Buy-sell agreements pay in the event of a medical emergency. D Buy-sell agreements are normally funded with a life insurance policy.
D Buy-sell agreements are normally funded with a life insurance policy.
All of the following statements are true regarding tax-qualified annuities EXCEPT A Annuity earnings are tax deferred. B They must be approved by the IRS. C Withdrawals are taxed. D Employer contributions are not tax deductible.
D Employer contributions are not tax deductible.
Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy? A Premiums are tax deductible by the key employee. B Premiums are tax deductible as a business expense. C Premiums are taxable to the employee. D Premiums are not tax deductible as a business expense.
D Premiums are not tax deductible as a business expense.
Traditional IRA contributions are A Deducted based on the income level. B Never tax deductible. C Partially tax deductible depending on the income level. D Tax deductible.
D Tax deductible.
a life insurance policy develops cash value faster than a seven-pay whole life contract, it becomes a/an A Modified endowment contract. B Accelerated benefit policy. C Endowment. D Nonqualified annuity.
A Modified endowment contract.
In a life settlement contract, whom does the life settlement broker represent? A The insurer B The beneficiary C The life settlement intermediary D The owner
D The owner
Which of the following is true regarding taxation of accelerated benefits under a life insurance policy? A They are always taxable to chronically ill insured. B They are always taxed. C There is a 10% penalty for early distribution of the death benefit. D They are tax free to terminally ill insured.
D They are tax free to terminally ill insured.
The president of a manufacturing company has offered one of the company's officers a special individual annuity plan that is unavailable to lower-echelon employees. This plan would be funded with before-tax corporate dollars, and it does not meet government approval standards. This annuity plan is A A nonqualified annuity plan. B An executive annuity plan. C Subject to government standards. D llegal.
A A nonqualified annuity plan.
A key person insurance policy can pay for which of the following? A Costs of training a replacement B Loss of personal income C Workers compensation D Hospital bills of the key employee
A Costs of training a replacement
In life insurance policies, cash value increases A Grow tax deferred. B Are income taxable immediately. C Are taxed annually. D Are only taxed when the owner reaches age 65.
A Grow tax deferred.
Two attorneys operate their practice as a partnership. They want to start a program through their practice that will provide retirement benefits for themselves and three employees. They would likely choose A HR-10 (Keogh Plan). B Section 457 Deferred Compensation Plan. C 403(b) plan. D 401(k) plan.
A HR-10 (Keogh Plan).
If a retirement plan or annuity is "qualified," this means A It is approved by the IRS. B It has a penalty for early withdrawal. C It accepts after-tax contributions. D It is noncancellable.
A It is approved by the IRS.
Which of the following is NOT true regarding a nonqualified retirement plan? A It needs IRS approval. B Contributions are not currently tax d eductible. C It can discriminate in benefits and selecting participants. D Earnings grow tax deferred.
A It needs IRS approval.
An employee is joining a group insurance plan. In order to avoid having to prove insurability, what must the employee do? A Join during the open enrollment period B Provide medical records to the insurer C ign a statement of continued good health D Nothing: proof of insurability is never required in group policies
A Join during the open enrollment period
A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days. Which of the following is true? A The amount of the distribution is reduced by the amount of a 20% withholding tax. B No taxes are due since the plan participant is over age 59 1/2. C There is a 10% early withdrawal penalty. D The amount distributed is subject to ordinary income tax.
A The amount of the distribution is reduced by the amount of a 20% withholding tax.
A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the policy benefit, then A The benefit is received tax free. B The benefit is subject to the exclusionary rule. C IRS has no jurisdiction. D The benefit is received as taxable income.
A The benefit is received tax free.
All of the following statements concerning an employer sponsored nonqualified retirement plan are true EXCEPT A The employer can receive a current tax deduction for any contributions made to the plan. B The plan is a legal method of accumulating money for retirement needs. C The plan can discriminate as to who may participate. D The plan is not approved for favorable tax treatment by the IRS.
A The employer can receive a current tax deduction for any contributions made to the plan.
An employee is insured under her employer's group life plan. If she terminates her group coverage, which of the following statements is INCORRECT? A The insured may choose to convert to term or permanent individual coverage. B The insured would not need to prove insurability for a conversion policy. C The insured may convert coverage to an individual policy within 31 days. D The premium for individual coverage will be based upon the insured's attained age.
A The insured may choose to convert to term or permanent individual coverage.
The minimum number of credits required for partially insured status for Social Security disability benefits is A 4 credits. B 6 credits. C 10 credits. D 40 credits.
B 6 credits.
Social Security was created to protect against all of the following EXCEPT A Disability. B Bad investment choices. C Sickness in old age. D Premature death.
B Bad investment choices.
When an employer offers to give an employee a wage increase in the amount of the premium on a new life insurance policy, this is called a(n) A Aleatory contract. B Executive bonus. C Key person policy. D Fraternal association.
B Executive bonus.
In a direct rollover, how is the money transferred from one plan to the new one? A From the original plan to the original custodian B From trustee to trustee C From trustee to the participant D From the participant to the new plan
B From trustee to trustee
If an insured worker has earned 40 quarters of coverage, the worker's status under Social Security disability is A Permanently insured. B Fully insured. C Partially insured. D Correctly insured.
B Fully insured.
Which of the following is TRUE of a qualified plan? A It may allow unlimited contributions. B It has a tax benefit for both employer and employee. C It does not need to have a vesting schedule. D It may discriminate in favor of highly paid employees.
B It has a tax benefit for both employer and employee.
Which type of retirement account allows contributions to continue beyond age 70½ and does not force distributions to start at age 70½? A Traditional IRA B Roth IRA C Flexible IRA D Standard IRA
B Roth IRA
An IRA purchased by a small employer to cover employees is known as a A 403(b) plan. B Simplified Employee Pension plan. C 401(k) plan. D Defined contribution plan.
B Simplified Employee Pension plan.
A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. This is a personal use of life insurance known as A Juvenile protection provision B Survivor protection C Life planning D Survivorship insurance
B Survivor protection
All of the following would be different between qualified and nonqualified retirement plans EXCEPT A IRS approval requirements B Taxation on accumulation C Taxation of withdrawals D Taxation of contributions
B Taxation on accumulation
Which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated? A Those who have no history of claims B Those who have been insured under the plan for at least 5 years C Those who have worked in the company for at least 3 years D Those who have dependents
B Those who have been insured under the plan for at least 5 years
All of the following benefits are available under Social Security EXCEPT A Death benefits. B Welfare benefits. C Old-age and retirement benefits. D Disability benefits.
B Welfare benefits.
Which of the following is an example of liquidity in a life insurance contract? A The flexible premium B The money in a savings account C The cash value available to the policyowner D The death benefit paid to the beneficiary
C The cash value available to the policyowner
Who is the owner and who is the beneficiary on a Key Person Life Insurance policy? A The key employee is the owner and beneficiary. B The key employee is the owner and the e mployer is the beneficiary. C The employer is the owner and beneficiary. D The employer is the owner and the key employee is the beneficiary.
C The employer is the owner and beneficiary.
What is the number of credits required for fully insured status for Social Security disability benefits? A 4 B 10 C 30 D 40
D 40
Who is a third-party owner? A An insurer who issues a policy for two people B An employee in a group policy C An irrevocable beneficiary D A policyowner who is not the insured
D A policyowner who is not the insured
All of the following are examples of third-party ownership of a life insurance policy EXCEPT A An insured couple purchases a life insurance policy insuring the life of their grandson. B A company purchases a life insurance policy on their manager, who is an important part of the operation. C When an insured purchased a new home, the insured made an absolute assignment of a life insurance policy to the mortgage company. D An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
D An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. What type of insurance policy may be used to fund this agreement? A Term insurance only B Permanent insurance only C Universal life insurance only D Any form of life insurance
D Any form of life insurance
All of the following are TRUE of the federal tax advantages of a qualified plan EXCEPT A Employer contributions are tax deductible as ordinary business expense. B Funds accumulate on a tax-deferred basis. C Employee and employer contributions are not counted as income to the employee for income tax purposes. D At distribution, all amounts received by the employee are tax free.
D At distribution, all amounts received by the employee are tax free.
An employee quits his job and converts his group policy to an individual policy; the premium for the individual policy will be based on his A Experience Rating. B Group rate. C Insurer's scheduled rate. D Attained age.
D Attained age.
All of the following are business uses of life insurance EXCEPT A Compensating executives. B Funding against financial loss caused by the d eath of a key employee. C Funding business continuation agreements. D Funding against general company financial loss.
D Funding against general company financial loss.
Which of the following terms means a result of calculation based on the average number of months the insured is projected to live due to medical history and mortality factors? A Mortality rate B Risk exposure C Morbidity D Life expectancy
D Life expectancy
Which of the following is NOT true regarding policy loans? A Policy loans can be repaid at death. B An insurer can charge interest on outstanding policy loans. C A policy loan may be repaid after the policy is surrendered. D Money borrowed from the cash value is taxable.
D Money borrowed from the cash value is taxable.
Which of the following is an example of liquidity in a life insurance contract? A The death benefit paid to the beneficiary B The flexible premium C The money in a savings account D The cash value available to the policyowner
D The cash value available to the policyowner
All of the following statements concerning an employer sponsored nonqualified retirement plan are true EXCEPT A The plan is a legal method of accumulating money for retirement needs. B The plan can discriminate as to who may participate. C The plan is not approved for favorable tax treatment by the IRS. D The employer can receive a current tax deduction for any contributions made to the plan.
D The employer can receive a current tax deduction for any contributions made to the plan.
Who is the owner and who is the beneficiary on a Key Person Life Insurance policy? A The employer is the owner and the key employee is the beneficiary. B The key employee is the owner and beneficiary. C The key employee is the owner and the employer is the beneficiary. D The employer is the owner and beneficiary.
D The employer is the owner and beneficiary.
An employee quits his job on May 15 and doesn't convert his Group Life policy to an individual policy for 2 weeks. He dies in a freak accident on June 1. Which of the following statements best describes what will happen? A The insurer will pay a reduced death benefit to the beneficiary. B The insurer will pay the death benefit minus one month's premium. C The insurer will pay nothing because the employee has terminated his group insurance and hasn't started the individual one. D The insurer will pay the full death benefit from the group policy to the beneficiary.
D The insurer will pay the full death benefit from the group policy to the beneficiary.
Which of the following statements regarding the taxation of Modified Endowment Contracts is FALSE? A Distributions before age 59 1/2 incur a 10% penalty on policy gains. B Policy loans are taxable distributions. C Accumulations are tax deferred. D Withdrawals are not taxable.
D Withdrawals are not taxable
An individual has been diagnosed with Alzheimer's disease. He is insured under a life insurance policy with the accelerated benefits rider. Which of the following is true regarding taxation of the accelerated benefits? A Principal is tax free, but interest is taxed. B The entire benefit will be received tax free. C The entire living benefit is considered taxable income. D A portion of the benefit up to a limit is tax free; the rest is taxable income.
一個人被診斷出患有阿爾茨海默氏病。他根據人壽保險單獲得了加速的利益保險。關於加速利益的徵稅，下列哪項是正確的？ A委託人免稅，但對利息徵稅。 B整個福利將免稅。 C全部生活津貼被視為應稅收入。 D最高限額的部分免稅；其餘為應稅收入。 @ D
What is the main purpose of the Seven-pay Test? A. It ensures that the policy benefits are paid out in 7 years. B. It guarantees interest minimum. C. It determines if the insurance policy is an MEC. D. It requires level premium payments for 7 years. The Seven-pay Test determines whether an insurance policy is "over-funded" or if it's a Modified Endowment Contract. In other words, the cumulative premiums paid during the first seven years of a policy must not exceed the total amount of net level premiums that would be required to pay the policy up using guaranteed mortality costs and interest.
七钱考试的主要目的是什么？ A. 它可以确保在7年内支付保单利益。 B. 它保证最低利息。 C. 它确定保险单是否为MEC。 D. 它需要7年的水平保费。 七次支付测试确定保险单是否"资金过多"或是否是修改后的养老金合同，换句话说，在保单的前七年累计支付的保费不得超过净水平的保费总额 需要使用保证的死亡率和利息来支付保单。 @ C
Which of the following is the best reason to purchase life insurance rather than annuities? A to liquidate a sum of money over a period of years B To create regular income payments C To liquidate a sum of money over a lifetime D To create an estate
以下哪些是購買人壽保險而非年金的最佳理由？ A要在幾年內清算一筆錢 B創建常規收入支付 C終生清算一筆錢 D創建遺產 @ D To create an estate
All of the following are TRUE of the federal tax advantages of a qualified plan EXCEPT A. Funds accumulate on a tax-deferred basis. B. Employee and employer contributions are not counted as income to the employee for income tax purposes. C. At distribution, all amounts received by the employee are tax free. D. Employer contributions are tax deductible as ordinary business expense. Funds in a qualified plan accumulate on a tax-deferred basis; however, at distribution any amount received by the employee will be treated as ordinary income for tax purposes.
以下所有条件均符合合格计划的联邦税收优惠：除 A.资金以递延税的方式积累。 B.出于所得税目的，雇员和雇主的供款不计入雇员的收入。 C.在分配时，员工收到的所有款项都是免税的。 D.雇主的供款可作为一般业务费用减税。 合格计划中的资金以递延税的方式积累； 但是，在分配时，出于税收目的，员工收到的任何款项将被视为普通收入。 @C
All of the following would be eligible to establish a Keogh retirement plan EXCEPT A A hair dresser who operates her business at her house. B The president and employee of a family corporation. C A sole proprietor of a service station who employs four employees. D A sole proprietor of film development store with no employees.
以下所有條件均符合Keogh退休計劃的條件，但 A理髮師，在家經營業務。 B家族企業的總裁和僱員。 C服務站的唯一所有者，僱用4名員工。 D Film Development Store的獨資經營者，無員工。
All of the following benefits are available under Social Security EXCEPT A Old-age and retirement benefits. B Disability benefits. C Death benefits. D Welfare benefits.
以下所有福利均可在社會保障下獲得 養老金和退休金的好處。 B殘疾福利。 C死亡撫卹金。 D福利待遇。 @ D Welfare benefits.
All of the following statements are true regarding group insurance EXCEPT A The group sponsor is the policyholder. B Participants in a group insurance plan are issued certificates of insurance. C Small groups such as labor unions are eligible for group insurance. D Participants in the policy each receive a policy.
以下所有關於團體保險的陳述都是正確的，除了 A團體保薦人是保單持有人。 B團體保險計劃的參加者獲得了保險證書。 C工會等小團體有資格參加團體保險。 D該策略的參與者都會收到一個策略。 @ D Participants in the policy each receive a policy.
An employee has group life insurance through her employer. After 5 years, she decides to leave the company and work independently. How can she obtain an individual policy? A She can only convert her coverage without proof of insurability if she has the master policy. B She must apply for a new policy, which requires her to provide proof of insurability. C She can convert her group policy to an individual policy without proof of insurability within 31 days of leaving the group plan. D She will still be covered under the group plan, but will have to pay an individual policy premium.
僱員通過其雇主購買團體人壽保險。 5年後，她決定離開公司並獨立工作。她如何獲得個人保單？ A如果她擁有總體保單，則只能在沒有可保證明的情況下轉換承保範圍。 B她必須申請一項新的保單，要求她提供可保性證明。 C她可以在離開小組計劃後的31天內將其小組保單轉換為個人保單，而無需證明可保性。 D她仍將受團體計劃的保險，但必須支付個人保單費。 @C She can convert her group policy to an individual policy without proof of insurability within 31 days of leaving the group plan.
Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. What type of insurance policy may be used to fund this agreement? A. Term insurance only B. Permanent insurance only C. Universal life insurance only D. Any form of life insurance Any form of Life insurance may be used to fund a buy-sell agreement.
合伙人订立买卖协议购买人寿保险，其中规定，如果其中一个人过早死亡，另一人将有经济能力购买已故合伙人的利益。 可以使用哪种类型的保险单为该协议提供资金？ A.仅定期保险 B.仅永久保险 C.仅万能寿险 D.任何形式的人寿保险 任何形式的人寿保险均可用于资助买卖协议。 @ D
Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. What type of insurance policy may be used to fund this agreement? A Term insurance only B ermanent insurance only C Universal life insurance only D Any form of life insurance
合夥人訂立買賣協議購買人壽保險，其中規定，如果其中一個人過早死亡，另一人將有經濟能力購買已故合夥人的利益。可以使用哪種類型的保險單為該協議提供資金？ A 僅定期保險 B僅限永久性保險 C僅萬能壽險 D任何形式的人壽保險 @D Any form of life insurance
In a single employer group plan, what is the name of the policy issued to the employer? A. Certificate of insurance B. Employer-insurer contract C. Certificate of authority D. Master contract In group insurance, the actual policy (master policy/contract) is issued to the sponsor of the group, which is often an employer.
在单一雇主组计划中，发给雇主的保单名称是什么？ A.保险证明 B.雇主－保险人合同 C.授权证书 D.主合同 在团体保险中，实际保单（主保单/合同）被发给团体的发起人，团体通常是雇主。 @ D
If $100,000 of life insurance proceeds were used in a settlement option, which paid $13,000 per year for ten years, which of the following would be taxable annually? A$7,000 B$3,000 C$13,000 D$10,000
如果將100,000美元的人壽保險收益用於和解方案，該方案每年支付$ 13,000，為期十年，那麼以下哪項每年應納稅？ A7,000澳元 B $ 3,000 C13,000加元 D $ 10,000
Which of the following insurance arrangements will be appropriate for a parent buying a life insurance policy on a child where the parent is the policyowner? A An irrevocable beneficiary B A buy-sell agreement C Family term rider D Third-party ownership
如果父母是投保人，則以下哪種保險安排適合父母為孩子購買人壽保險？ A不可撤銷的受益人 BA買賣協議 CF家庭車手 D第三方所有權
An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? A Viatical settlement B Estate liquidation C Nonpayment of premium D Change of beneficiary
根據人壽保險單的被保險人已被診斷患有絕症，可以活6個月。 被保險人知道，隨著即將到來的醫療費用，他的財務狀況將進一步惡化。 被保險人可以採用什麼選擇？ 靜脈沉降 B地產清算 C未繳納保費 D受益人變更 @A
When an employee terminates coverage under a group insurance policy, coverage continues in force A Until the employee notifies the group insurance provider that coverage conversion policy is issued. B For 31 days. C For 60 days. D Until the employee can obtain coverage under a new group plan.
當員工根據集體保險政策終止承保範圍時，承保範圍將繼續有效 A直到僱員通知團體保險提供商已簽發承保範圍轉換政策。 B持續31天。 C持續60天。 D直到僱員可以在新的團隊計劃下獲得覆蓋。
Who is the owner and who is the beneficiary on a Key Person Life Insurance policy? A The key employee is the owner and the employer is the beneficiary. B The employer is the owner and beneficiary. C The employer is the owner and the key employee is the beneficiary. D The key employee is the owner and beneficiary.
誰是關鍵人物人壽保險單的所有者，誰是受益人？ A關鍵僱員是所有者，雇主是受益人。 B雇主是所有者和受益人。 C雇主是所有者，關鍵僱員是受益人。 D關鍵僱員是所有者和受益人。 @ B The employer is the owner and beneficiary.
Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy? A Premiums are not tax deductible as a business expense. B Premiums are tax deductible by the key employee. C Premiums are tax deductible as a business expense. D Premiums are taxable to the employee.
關於關鍵人物人壽保險單中保費的徵稅，以下哪項是正確的？ APremium不能作為業務費用免稅。 BPremiums可以由主要員工扣稅。 CPremium可抵扣為營業費用。 DPremium必須向員工徵稅。
Which of the following is INCORRECT concerning a noncontributory group plan? A The employer pays 100% of the premiums. B The employees receive individual policies. C They help to reduce adverse selection against the insurer. D They require 100% employee participation.
關於非繳費型團體計劃，以下哪項是不正確的？ A雇主支付保險費的100％。 B員工接受個人政策。 C它們有助於減少對保險人的不利選擇。 D他們需要100％的員工參與。 @ B The employees receive individual policies.
A key person insurance policy can pay for which of the following? A Workers compensation B Hospital bills of the key employee C Costs of training a replacement D Loss of personal income
關鍵人物保險單可以支付以下哪些費用？ A工傷賠償 B主要員工的醫院賬單 C培訓更換人員的費用 D個人收入損失 @ Costs of training a replacement
All of the following are true of key person insurance EXCEPT A The key employee is the insured. B The plan is funded by permanent insurance only. C There is no limitation on the number of key employee plans in force at any one time. D The employer is the owner, payor and beneficiary of the policy.
除關鍵人員保險外，以下所有條件均成立 答：關鍵員工是被保險人。 B該計劃僅由永久性保險提供資金。 C在任何一次生效的關鍵員工計劃數量上都沒有限制。 D雇主是保單的所有者，付款人和受益人。 @ B
