A business firm may utilize life insurance to protect against loss caused by the death of:

Name: A business firm may utilize life insurance to protect against loss caused by the death of:
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Question

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A key employee's death can cause a significant loss to a business in terms of the loss of knowledge, expertise, and experience that the employee possessed. The life insurance can provide the financial support to help the business cope with the loss and make necessary arrangements to replace the employee.

A Business Firm May Utilize Life Insurance to Protect Against