FICEP PART 2 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

FICEP PART 2 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS 401k - Answer -Plan A plan which allows employees to make taxdeferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - Answer -The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - Answer -Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Revenue Code Section 125Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: Capital Gains - Answer -The difference between what you pay for an investment--stock, your home, or another possession-- and what you earn when the item is sold Compound interest - Answer -The ability of savings to grow when the principal and interest are left untouched. The member earns a return both on the original principal and on all the interest that accrues over time Death benefit - Answer -the amount that is paid upon the death of the policy-holder