Question 5004 of 287 · Texas Life, Accident and Health Agent Exam
A key employee disability policy is generally owned by
Exactly one answer is correct.
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Correct answer to question 5004
- B: the employer, which pays the premium and is the beneficiary of the benefit
Explanation
It protects the employer against the financial loss caused by a key person's disability. Benefits are paid to the employer, and premiums are generally not deductible.
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