An employee may remove the _________ from a group life insurance policy from their estate by _________ their group life insurance policy to an irrevocable trust.
A)Cash value / assigning.
B)Cash value / transferring.
C)Death benefit / assigning.
D)Death benefit / transferring.

Question

Quizplus · Accepted Answer

An employee can remove the death benefit from their estate by assigning their group life insurance policy to an irrevocable trust. This process ensures that the death benefit is not considered part of the employee's estate for estate tax purposes.

An Employee May Remove the _________ from a Group Life