B. to provide liquidity to pay estate taxes and administration and funeral costs
Ac company may write insurance in excess of its retention limits
C. by insuring the excess with other companies through a reinsurance agreement or treaty
An application for group coverage is signed by the
B. employer, who then receives and retains a master policy
The most common eligibility factors for noncontributory group life insurance are
A. salary level and length of service
A retention limit is the
B. minimum amount for which any one policy may be written
A split-dollar plan
C. divides the cost of additional insurance for an employee between that employee and the company
A gift by a single individual of premium payments for an insurance policy that belongs to someone else may be made without any gift tax liability so long as those premium payments do not exceed