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


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