Which of the following statements concerning buy-sell agreements is true?

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Which of the following statements concerning buy-sell agreements is true?

A. Premiums paid are deductible as a business expense.

B. Benefits received are considered income taxable.

C. Buy-sell agreements pay in the event of a medical emergency.

D. Buy-sell agreements are normally funded with a life insurance policy.

Answer: D. Buy-sell agreements are normally funded with a life insurance policy.

Life Insurance

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