[Answer] Two business partners own life insurance on each other. If one partner dies which of the following contracts will allow the surviving partner to use the death benefit to purchase the deceased's business interests?

Answer: buy-sell agreement

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Two business partners own life insurance on each other. If one partner dies which of the following contracts will allow the surviving partner to use the death benefit to purchase the deceased's business interests? Two business partners own life insurance on each other. If one partner dies which of the following contracts will allow the surviving partner to use the death benefit to purchase the deceased's business interests ? buy-sell agreement. Two business partners own life insurance on each other. If one partner dies which of the following contracts will allow the surviving partner to use the death benefit to purchase the deceased's business interests ? Adjustable life . Life Insurance for Business Partners Why Business Partner Life Insurance Is Essential Why Business Partner Life Insurance Is Essential New York Life: What If Your Business Partner Died Tonight Fri Mar 27 2020 · But if business partners purchase whole life policies on each other their beneficiaries will eventually receive a tax-free payout — even if the business is no longer operating. Wed Jan 20 2016 · If one partner dies the business can use the death benefit to purchase the partner ’s share. An entity-redemption plan makes sense if there are more than a few partners … Death of an owner may make it difficul...

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