1. Of the types of insurance covered in class. what is the lowest cost insurance for...

1. Of the types of insurance covered in class. what is the lowest cost insurance for an employer (ER) who wishes to buy insurance for their HCEs?

2. Is a split dollar plan found in a qualified or nonqualified plan. Explain

Expert Solution

7 Types of Insurance

Life Insurance or Personal Insurance.

Property Insurance.

Marine Insurance.

Fire Insurance.

Liability Insurance.

Guarantee Insurance.

Social Insurance.

USAA is the cheapest car insurance company, and it offers the lowest car insurance rates in the country

2) Split-Dollar Plan is Non-Qualified Plan

Under this arrangement, an employer purchases a policy on the employee's life, and the employer and the employee divide ownership of the policy. The employee may be responsible for paying the mortality cost, while the employer pays the balance of the premium.

All the best ?

jeff jeffy answered 2 years ago

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