____ life insurance is a policy on the life of principal members of the partnership, usually the senior partners.
A)Principal
B)Uniform partnership
C)First-partner
D)Key-person
E)None of these choices

Question

Quizplus · Accepted Answer

Key-person life insurance is designed to provide financial stability in case of the death of a key individual within an organization, including principal members or senior partners in a partnership.

____ Life Insurance Is a Policy on the Life of Principal