Colleen Babson is a key executive with Fund Financial Inc., a publicly held corporation. Colleen currently pays the premium for her own life insurance coverage of $750,000. Fund Financial is willing to cover the costs of providing life insurance coverage for Colleen. In addition, the company would like to be able to maximize its deductions for the cost of coverage. Colleen, for her part, wants no out-of-pocket costs. Which one of these plans meets the needs of Colleen and her company? 

A) Executive bonus plan 

B) Top hat plan 

C) SERP 

D) Key employee life insurance

Answer rating: 100% (QA)

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