Question: Select the one true statement about how executive bonus arrangements work.1. The employee applies for and owns a permanent life insurance policy.2. The company pays

Select the one true statement about how executive bonus arrangements work.1. The employee applies for and owns a permanent life insurance policy.2. The company pays the premiums on the policy directly to the insurance company.3. The company is the beneficiary of the policy.4. The company cannot place any restrictions on the employee's rights under the policy

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