Insurance obtained by a limited partnership on the life of the general partner would be
A) double indemnity insurance, because both the limited partnership and the general partner are insured.
B) key person life insurance, because the general partner is a key person, contributing a great deal to making the business successful.
C) a co-insurance policy because both the limited partnership and the general partner are insured.
D) whole life or straight life insurance which builds a cash value.
Correct Answer:
Verified
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