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igor_vitrenko [27]
3 years ago
13

Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prem

aturely, the other would be financially able to buy the interest of the deceased partner What of insurance policy may be used to fund this agreement?
1. Term insurance only
2. Permanent insurance only
3. Universal life insurance only
4. Any form of life insurance
Business
1 answer:
WINSTONCH [101]3 years ago
3 0

Answer: (4) Any form of life insurance

Explanation:

 According to the given question, any type of the life insurance policy are used for purpose of funding the interest financially of deceased partner.

 In this type of life insurance policy we made an agreement between the holder of life insurance policy and the insurer based on the critical or terminal illness of the person.

It is basically used into the form of two types that is whole life or for the short term contract basis. Therefore, Option (4) is correct.

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Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.

Explanation:

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Harriet has been assigned the task of setting up work teams for a complex software development project. Each team has different
madam [21]

Answer:

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Explanation:

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The other four alternatives aren't connected to the given scenario. So the above is the right option.

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