Which of the following statements about split-dollar life insurance and its uses is incorrect?

Select one:

a. stock redemption plans can be funded by split-dollar life insurance.

b. all policy values and benefits of a split-dollar life insurance policy are subject to the claims of company general creditors.

c. the insurance premium of a split-dollar life insurance contract is generally divided between the employee and the employer.

d. the insurance death benefit of a split-dollar life insurance policy is generally divided between the employee and the employer.