Uses of Life Insurance
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Key person insurance is intended to
cover business losses due to the death of a key employee
All of these are common personal uses of life insurance EXCEPT
Fund a buy-sell agreement
Which of the following pieces of information is NOT gathered during the personal financial planning process?
An individual's civic organization memberships
The Human Life Value concept is based on
income
Life insurance creates an immediate estate. This phrase means
when the insured dies, a death benefit is paid
