Two business partners own life insurance on each other. If one partner dies, which of the following contracts will allow the other partner to buy 100 percent of the business interest?

Two business partners own life insurance on each other. If one partner dies, which of the following contracts will allow the other partner to buy 100 percent of the business interest?



A.Buy and Sell Agreement


B.Key Employee Life policy


C.Survivorship Life


D.Joint and Several Annuity



Answer: A

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