Chapter 5
Group Carve-Out Plan
The important points addressed in this lesson are:

A key executive covered under a group carve-out plan can overcome the group term life insurance limitations resulting from the group term insurance non-discrimination requirement

The universal life insurance policy issued in a group carve-out plan is portable and may be continued by the executive beyond retirement

A participant in a group carve-out plan avoids the Table I imputed income costs for group term life insurance coverage in excess of $50,000

The universal life insurance policy issued under the group carve-out plan has tax-deferred cash values that may be accessed by the executive to provide additional retirement income

A Group Carve Out Primer
Group Carve-Out Advantages
Plan Tax Considerations
Chapter 5 Review