Jane provides a money purchase pension plan for her employees. She wants to fund the plan for each employee with either a term or whole life insurance policy. Which person does not pass the requirement for maintaining insurance as incidental to the plan? Janice has received $45,000 in contributions of which $25,000 has been payed to whole life premium payments. James has received $150,000 in contributions. $70,000 in premium payments were made to his whole life insurance policy