An advantage of key person life insurance is to:

An advantage of key person life insurance is to:



a. Provide the family of the deceased employee with up to ten years of the employee's lost future income

b. Provide the owner of the policy with funds to recruit and train a replacement employee upon the death of an employee who contributes substantially to the success of a company

c. Provide life insurance benefits to all eligible employees and their dependents

d. Protect a partnership against the death of a partner by providing benefits to buyout a deceased partner's share of the business



Answer: C

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