SAMPLE Life, Accident & Health Online Practice Exam Simulator

Click here to go back to store.


Upon the death of a principal, the remaining principals receive a policy amount equal to the purchase price of the deceased partner's share of the business. This scenario would be best covered by:

 Answer Choices:Select the Correct Answer
Buy and Sell Agreement.
A 303 Redemption Plan.
Key Employee Insurance.
Split Dollar Insurance.

Question 1 of 10

Please Wait... processing