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Options
-
The company pays the premium
Correct answer
- B
The Key Man pays the premium
- C
The company and the Key Man in equal proportions
- D
The Key Man below a threshold and by the company above the threshold
Why this is the answer
'Key Man' insurance is purchased by the company, which pays the premiums and is the beneficiary, to mitigate financial loss from the loss of a key employee.
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