Question 4010 of 287 · Texas Life, Accident and Health Agent Exam
In a cross purchase buy-sell arrangement among three partners,
Exactly one answer is correct.
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Correct answer to question 4010
- C: each partner buys and owns a policy on each of the other partners
Explanation
With three partners, six policies are needed (each partner insures the other two). An entity purchase plan has the business own the policies.
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