Abby is a valued executive at Hunter Company. She is 46 years old and in good health. Hunter Company wants to be sure Abby stays with the company on a long-term basis, so it offers her a non-qualified supplemental executive retirement plan that is designed to pay Abby a projected retirement benefit of $64,000 per year for 15 years, beginning at her age 67. Hunter Company is using corporate-owned life insurance to help it O provide a death benefit to Abby's beneficiaries if she does not live the entire fifteen years following retirement secure plan benefits for Abby so that her SERP account is not subject to future Hunter Company creditor claims O fund plan benefits by naming Abby the policy owner and allowing her to take withdrawals or loans from the policy to pay the retirement benefits during her lifetime O secure plan benefits for this unfunded plan by using withdrawals or loans from the insurance policy to reimburse Hunter for the cost of the benefit it pays to Abby each year and recouping its premium cost as the policy beneficiary upon Abby's death