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Which of these statements regarding the use of employer-owned life insurance to informally fund a nonqualified deferred compensation plan is CORRECT? A) It fully secures

Which of these statements regarding the use of employer-owned life insurance to informally fund a nonqualified deferred compensation plan is CORRECT? A) It fully secures payments immediately. B) The beneficiary of the policy is the employee. C) The employee can access the cash value within the policy. D) Insurance premiums paid by the employer are taxable to the employee

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