Why would a company favor an entity plan over a cross-purchase plan?
A) Tax benefits
B) An entity plan has fewer policies
C) When they have a lot of so-called "key employees"
D) When a buy-and-sell agreement is not feasible
B
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Participation in affinity groups decreases an individual's sense of isolation in a work culture.
a. true b. false
"Willa purchases a 5-year $50,000 level term policy with an option to renew. Which of the following statements about the policy's renewability is CORRECT?
A) The premium for the renewal period will be the same as the initial period, but a onetime service charge will be assessed upon renewal. B) The premium for the renewal period will be lower than the initial period. C) The premium for the renewal period will be the same as the initial period. D) The premium for the renewal period will be higher than the initial period."