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Thanks for the response libc. Evidently, I did a incomplete job in phrasing one question. I asked:

<<Isn't it true that many life insurance wrapped programs can be set up to be either defined contribution or defined benefit?>>

You responded: "[When all qualified retirement plans were exempt from the Federal Estate Tax it made a lot of sense when allowed to purchase life insurance within the retirement plan. When the Federal Estate Tax exemption was taken away in 1984, it did not make sense in my view. The face amount of life insurance on a participant within a defined benefit plan cannot exceed 100 times the monthly defined pension benefit. The life insurance premium within a defined contribution pension plan cannot exceed the aggregate contribution by more than 49 percent.]:

My reference was to such situations purchased outside a pension or retirement plan of any sort. Under any circumstance I can imagine, owning life inside a pension or retirement plan would be about as logical as holding municipal bonds in the same. More or less, what I was getting at was annuities or other non-retirement stuff wrapped in a life policy. You could even stretch it to include variable versus whole life. Now that you mention estates, I guess it could include a Crummy or other trust as well, but that wasn't the central question. Can you take another swipe please? And, on the question of commissions, can you provide an answer if all else is equal, which pays a greater commission defined benefit or defined contribution?

Thanks again. Regards, pmcw
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