To provide final expenses for the key person. To provide readjustment income for the family of. In life insurance, the needs approach is used mostly to establish: Which statement regarding a key employee life policy is not true? A key employee policy is taken out by company x on its vice president.
Uses of life insurance test answers 1. Which statement regarding a key employee life policy is not true? The beneficiary is named by the key employee 2. Study chapter 10 uses of life insurance quiz flashcards from molly bornstad's class online, or in brainscape's iphone or android app. Learn faster with spaced repetition. Study with quizlet and memorize flashcards containing terms like a key employee policy is taken out by company x on its vice president. Ten years later, this employee leaves company x. Study with quizlet and memorize flashcards containing terms like key employee life insurance, when is key employee insurance used?, advantages of key employee insurance and more. In a key employee life policy, also known as key person insurance, the company itself is the beneficiary. In the event of the key employee’s death, the payout from the policy. To protect against the unexpected loss of these valuable team members, companies often turn to various types of life insurance for key employee indemnification. What type of insurance should a company purchase if it wants to insure the life of its ceo? What are the two approaches to determine life insurance amounts? What are the business funding uses of life insurance? What is the most common use of life insurance by a.
To protect against the unexpected loss of these valuable team members, companies often turn to various types of life insurance for key employee indemnification. What type of insurance should a company purchase if it wants to insure the life of its ceo? What are the two approaches to determine life insurance amounts? What are the business funding uses of life insurance? What is the most common use of life insurance by a. Study with quizlet and memorize flashcards containing terms like which type of plan allows an employer to give money to an employee for buying a life insurance policy and also permits the. This quiz will help. Study with quizlet and memorize flashcards containing terms like which of the following is true in a key employee life insurance policy? A) the corporation is the applicant and insured.
This quiz will help. Study with quizlet and memorize flashcards containing terms like which of the following is true in a key employee life insurance policy? A) the corporation is the applicant and insured.
