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Life Insurance as an Employee Benefit:
a) A split-dollar life insurance plan is an agreement which a business provides individual life
insurance policies for certain selected employees, who share in paying the cost of the policies.
a) A deferred compensation plans is a plan establishedby an employer to provide income
benefits to an employee at a later date, such as after the employee’s retirement, if the
employee does not voluntarily terminate employment before that date.
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