Ch 8
Which of these is not a reason for a business to buy key person life insurance
A pension deficiency if the key employee dies
Which plan is a non-qualified employee benefit arrangement in which an employer pays a compensation bonus to a selected employee who uses the bonus payment to pay the premiums on a life insurance policy covering their life
Executive bonus plan
In life insurance needs approaches use the mostly to establish
How much life insurance a client should apply for
Which approach predicts a persons earning potential and determines how much of that amount would be devoted to dependents
Human life value approach
All of the following are valid reasons for mine life insurance on a child except
If both parents were to die would provide death benefits to the child
All of the following are considered appropriate uses of life insurance for business purposes except
Protecting the business by covering entry level employees with life insurance
Which of these is not considered to be a cost connected with an individual's death
Business expenses
A split dollar plan will most likely be had by
Division manager
A life insurance policy is a piece of property when when insured insured dies the policy creates a
Immediate estate
Which of these is not relevant when determining the amount of personal life insurance needed
Local unemployment rate