Term or Whole Life Insurance: Which Is Best

59.1 Whole life insurance can be used to fund a death benefit in a VEBA. 59.2 A VEBA plan that diverts a disproportionate share of benefits to owner-employees is tax exempt. 59.3 Plan participants can borrow from a VEBA. Answers: 59.1 True [pp. 420, 421] 59.2 False [p. 420] 59.3 False [p. 422] Multiple Choice. 59.4 VEBA regulations permit all of the following VEBA benefits except: a. life ... ................
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