In a key-employee insurance purchase, the business should be the owner and the beneficiary of the policy.

Question

Quizplus · Accepted Answer

Yes, in a key-employee insurance purchase, the business should be the owner and the beneficiary of the policy. This ensures that the business will receive the death benefit in case of the key employee's untimely death, which can help the company recover from potential financial losses or instability.

In a Key-Employee Insurance Purchase, the Business Should Be the Owner