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Question
Match the description of a feature of the corporate insurance program listed in the right-hand column with the appropriate insurance program listed in the left-hand column:
| Corporate Insurance | Feature |
| 18. Section 79 | (a) Can provide employees with up to $50,000 of tax-free group life insurance |
| 19. Split Dollar | (b) Combines low-cost term insurance with tax-sheltered investment opportunities |
| 20. Supplemental Incentive Plan (SIP) | (c) Resulting cash value of plan can fund a deferred compensation agreement |
| 21. GULP | (d) A future income contract between employer and employee that provides supplemental income payments for a specified period of time or until death |
Answer
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