Firms can take out term life-insurance policies on their top executives.

Name: Firms can take out term life-insurance policies on their top executives.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms can purchase term life-insurance policies on their top executives to provide financial protection in the event of an unexpected death. These policies are often used to cover the costs of recruiting and training a replacement, as well as to help ensure continuity of the business.

Firms Can Take Out Term Life-Insurance Policies on Their Top