Question: What is the difference between a defined-benefit and a defined-contribution plan? Are they both treated the same way for tax purposes? What IRC sections reference

What is the difference between a defined-benefit and a defined-contribution plan?

Are they both treated the same way for tax purposes?

What IRC sections reference these plans?

Which type of life insurance policies are taxable, and which are non-taxable?

What IRC sections reference whole life and term life, as well as key officer life insurance policies?

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