Which of the following individuals will purchase life insurance primarily for the death benefit?
What is a personal use of life insurance called?
A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. This is a personal use of life insurance known as Survivor protection Which of the following is the best reason to purchase life insurance rather than annuities?
Which is normally funded with a life insurance policy?
Buy-sell agreements are normally funded with a life insurance policy. Which of the following is NOT an example of a business use of Life Insurance? Workers Compensation Which of the following would describe a legal document which would dictate who can buy a deceased partner's share of a business and for what amount? Buy-sell agreement
Why would a person buy life insurance?
The only reason a person would buy life insurance is to eliminate or substantially reduce the financial consequences of that person's death by providing income to his or her dependents. (true/false)
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