Key person life insurance does NOT reimburse a company for which of the following?

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Key person life insurance does NOT reimburse a company for which of the following?

a. for a loss of previous business resulting from a key person's death
b. for a reduction of profits resulting from a key person's death
c. for increased pension liability resulting from a key person's death
d. for a loss of leadership resulting from a key person's death

Answer: c

Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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