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Question 10 of 10

A business has a key person insurance policy. Who or what would be the beneficiary of the policy?

A. The children of the key person
B. The business
C. The investors in the business
D. The key person

Sagot :

GinnyAnsweridn

Final answer:

The beneficiary of a key person insurance policy in a business is usually the business itself.


Explanation:

The beneficiary of a key person insurance policy in a business is typically the business itself.


Learn more about Key person insurance policy in business here:

https://brainly.com/question/38737069

Answer:

B. The business

Explanation:

In a key person insurance policy, the beneficiary is typically the business itself. The policy is designed to provide financial protection to the business in case a key employee, whose expertise or leadership is crucial to the company's success, passes away or becomes incapacitated.

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