An individual may be classified as both terminally ill and chronically ill.

Which of the following is NOT a requirement to have death proceeds from employer-owned life policies issued after August 2006 received income-tax free?

Legal services plans are usually funded through multiemployer trusteeships sponsored by labor unions.

Unlike a traditional IRA, a Roth IRA contribution is not restricted by active participation in an employer’s retirement plan.

If the plan is prefunded by the employer,

A severance pay plan will not be considered a pension plan, for ERISA purposes, if payments are contingent, directly or indirectly, upon retirement.

Cliffton Manufacturing wants to install a meal plan for employees to increase production efficiency and save employees the cost of commuting three miles into town for meals. Cliffton Manufacturing wants to be sure the plan installed does not result in taxable income to employees. Cliffton Manufacturing can install

An IRA owner can loan funds to a related person or business.

Bonus plans are formal agreements that must be in writing and negotiated with an attorney.

Which of the following nonretirement-related needs may have a significant impact on retirement assets?