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key person insurance can provide protection for all of the following economic losses to a business EXCEPT a. Provide deferred compensation retirement benefit if the insured key person survives to retirement b. Fund the expenses of finding a suitable replacement following the death of an employee c. Fund the cost of training a current employee to perform the duties of a deceased employee. d. Pay the death benefit to the estate of the insured. - Pay the death benefit to the estate of the insured What is the purpose of a disability buy-sell agreement? - To allow the business buyout in case of the owners disability Which of the following statements is INCORRECT concerning Modified Endowment Contracts (MECS)?
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