Which of the Following Is Not True of the Endorsement

Multiple Choice

Which of the following is not true of the endorsement approach under the split dollar insurance plan? (Split-Dollar Life Insurance)

A) Employee pays for most or the entire premium
B) Employer has the right to borrow against the cash value of the policy for business purposes
C) Executive reimburses the employer for the portion of the premium cost
D) Employer names itself as beneficiary