One of the benefits of placing assets in a revocable trust is that they are protected from the claims of the grantor’s creditors during his lifetime.

In determining the amount of insurance that the employer must purchase to meet its obligation to pay benefits to an employee under a death benefit only (DBO) plan, which of the following factors is not taken into consideration?

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

The principal economic purpose of life insurance is to accumulate capital

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

If the plan is prefunded by the employer,

A plan may provide benefits to former employees, including retired, disabled, or laid-off employees.

A moving expense reimbursement plan must meet ERISA requirements because it is classified as a welfare benefit plan.

Which of the following is (are) true regarding a cash balance plan?

A Health Reimbursement Arrangement cannot