malikmassey malikmassey

10-07-2024
Business

Answered

An employer gives an employee a wage increase to finance premiums on a life insurance policy on the employee's life. This is known as:

A. A Keogh Plan.
B. An aleatory contract.
C. A key-person policy.
D. An executive bonus.

Answer :

GinnyAnswer GinnyAnswer

10-07-2024

Final answer:

An employer providing a wage increase to fund life insurance premiums is termed an executive bonus.

Explanation:

An employer giving an employee a wage increase to finance premiums on a life insurance policy on the employee's life is known as an executive bonus.

Learn more about executive bonus here:

https://brainly.com/question/28347205

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