Dyan and Ed are partners who own and operate Footlong's, a chain of hot-dog stands. Their partnership obtains insurance on their lives. This is

Name: Dyan and Ed are partners who own and operate Footlong's, a chain of hot-dog stands. Their partnership obtains insurance on their lives. This is
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Question

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Key-person insurance is a policy taken out by a business to cover the life of an important individual, such as a partner, whose death would have a significant financial impact on the business.

Dyan and Ed Are Partners Who Own and Operate Footlong's