Life insurance purchased by a company with the company as sole beneficiary is
A) key-person insurance.
B) a surety bond.
C) business interruption insurance.
D) credit insurance.

Question

Quizplus · Accepted Answer

Key-person insurance is purchased by a company with the company as the sole beneficiary, to protect the company from financial loss in case of the death of a key employee.

Life Insurance Purchased by a Company with the Company as Sole