Three individuals form a partnership with equal shares valued at $300,000. If they were persuaded to use an "entity" buy-sell plan funded with life insurance, how many policies and for what amounts would be purchased?

Three individuals form a partnership with equal shares valued at $300,000. If they were persuaded to use an "entity" buy-sell plan funded with life insurance, how many policies and for what amounts would be purchased?


A) Three policies for $200,000 each.

B) Three policies for $100,000 each.

C) Six policies for $50,000 each.

D) One policy for $100,000.


Answer: B) Three policies for $100,000 each.

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