USES OF LIFE
WHICH OF THESE FACTORS IS NOT TAKEN INTO ACCOUNT WHEN DETERMINING AN APPLICANTS LIFE INSURANCE NEEDS
AUTOMOBILE
ALL OF THE FOLLOWING ARE EXAMPLES OF A BUSINESS CONTINUATION PLAN EXCEPT
DEFERRED COMPENSATION
Craig purchased a life insurance policy to enable his heirs to pay estate taxes. What is this called? Estate conservation Liquidity maintenance Survivor fund Human value protection
ESTATE CONSERVATION
WHICH OF THESE IS A METHOD OF DETERMINING THE LEVEL OF FUNDS REQUIRED FOR ONGOING SUPPORT IN THE EVENT OF GTHE BREADWINNERS DEATH
HUMAN LIFE VALUE
WHICH APPROACH PREDICTS A PERSON'S EARNING POTENTIAL AND DETERMINES HOW MUCH OF THAT AMOUNT WOULD BE DEVOTED TO DEPENDENTS
HUMAN LIFE VALUE APPROACH
WHICH STATEMENT REGARDING THIRD PARTY OWNERSHIP OF A LIFE INSURANCE POLICY IS TRUE
IT IS USED EXTENSIVELY IN ESTATE PLANNING AS WELL AS BUSINESS CIRCUMSTANCES
ALL OF THE FOLLOWING ARE CONSIDERED APPROPRIATE USES OF LIFE INSURANCE FOR BUSINESS PURPOSES EXCEPT
PROTECTING THE BUISNESS BY COVERING ENTRY LEVEL EMPLOYEES WITH LIFE INSURANCE
WHICH TYPE OF PLAN ALLOWS AN EMPLOYER TO GIVE MONEY TO AN EMPLOYEE FOR BUYING A LIFE INSURANCE POLICY AND ALSO PERMITS THE EMPLOYEE TO SELECT THE BENEFICIARY?
SPLIT-DOLLAR PLAN
WHICH STATEMENT REGARDING A KEY EMPLOYEE LIFE POLICY IS NOT TRUE
THE BENEFICIARY IS NAMED BY THE KEY EMPLOYEE
WHEN CALCULATING THE AMOUNT OF LIFE INSURANCE NEEDED FOR AN INCOME EARNER, WHAT HAS TO BE DETERMINED WHEN USING THE NEEDS APPROACH
THE FAMILYS FINANCIAL OBJECTIVES IF THE INCOME EARNER WERE TO DIE OR BECOME DISABLED
In a Key Employee life insurance policy, the third-party owner can be all of the following EXCEPT
THE INSURED