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Examen
CHAPTER 10 USES OF LIFE INSURANCE QUESTIONS AND ANSWERS GUARANTEE PASS.
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---3junio 20252024/2025A+
- Which of these is NOT a reason for a business to buy key person life 
insurance? - CorreCt Answers -A pension deficiency if the key employee 
dies 
What is considered a valid reason for small businesses to insure the lives of 
its major shareholders? - CorreCt Answers -Fund a buy-sell agreement 
C is a key employee at ABC Incorporated. If a Key Employee life policy is 
purchased on her life, which of these statements would be true? - CorreCt 
Answers -ABC is the policyowner, C is the insured, an...
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