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Key Person Insurance Explained — Do You Know Who Owns the Policy?
Key person insurance exam practice question — who's the owner, who's the insured, and who collects the death benefit? 📚 The business owns the policy, pays the premiums, AND is the beneficiary. The key employee is just the insured — they get no payout. The exam tests the purpose of the coverage, who has insurable interest, and how the ...
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