All of the following are true of key person insurance except

Have you ever struggled to answer the question “all of the following are true of key person insurance except” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.

All of the following are true of key person insurance except

Options:

a) The key employee is the insured.
b) The plan is funded by permanent insurance only.
c) There is no limitation on the number of key employee plans in force at any one time.
d) The employer is the owner, payor and beneficiary of the policy.
e) Key Person coverage may be funded by any type of life insurance.

The Correct Answer Is:

b) The plan is funded by permanent insurance only.

Conclusion

The answer to your question “all of the following are true of key person insurance except” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.

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