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Which of these is NOT a reason for purchasing life insurance on the life of a minor?
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Terms in this set (13)
C is a key employee at ABC incorporated. if a Key Employee life policy is purchased on her life, which of these statements would be true?ABC is the policy owner, C is the insured, and ABC is the beneficiaryCompany Z has a Cross Purchase Buy-Sell Agreement in place among its three founding partners. If the agreement is funded with individual life insurance, what would it require?Each partner must own a policy on the other partnersWhich statement regarding third-party ownership of a life insurance policy is true?It is used extensively in estate-planning as well as business circumstances