Which of the following statements regarding the incidental death benefit test for life insurance inclusion in a qualified plan is (are) correct?

1. for defined contribution plans, no more than 25% of the plan's assets may be in the form of universal life insurance cash value.
2. for defined benefit plans, the life insurance death benefit cannot exceed 100 times the expected monthly benefit for an employee.

a) neither i nor ii
b) both i and ii
c) i only
d) ii only