Which of the following statements accurately reflects the nature of buy sell agreements?

Select one:

a. A stock redemption plan must have a corporation as a party to the contractual arrangement.

b. A stock redemption plan increases the cost basis of surviving shareholders.

c. Under a cross purchase plan funded with life insurance, premiums paid are tax deductible to the payor.

d. Proceeds of a life insurance policy owned by a surviving shareholder must be included in the gross estate of the decedent.