Which of the following is not a personal use of life insurance?
A. A client buys cash value insurance to fund their children's college education.
B. A client buys insurance to pay off their mortgage should they pass away prematurely.
C. A client buys insurance to fund a buy-sell agreement.
D. A client buys insurance to provide future income to a surviving spouse.
Ans: C. A client buys insurance to fund a buy-sell agreement.
You might also like to view...
What types of changes are NOT usually included within the scope of change management?
A. Changes to a mainframe computer B. Changes to business strategy C. Changes to a service level agreement (SLA) D. The retirement of a service
The process by which heated water or material is discharged into waterways upsetting the ecological balance and decreasing the oxygen content is defined as ________
A) land pollution B) radioactive pollution C) air pollution D) thermal pollution