Question

Life insurance proceeds payable to a corporation upon the death of an insured employee are an example of___________

Answer 1

Life insurance proceeds payable to a corporation upon the death of an insured employee are an example of group life insurance.

Step-by-step explanation:

Life insurance proceeds payable to a corporation upon the death of an insured employee are an example of group life insurance. Group life insurance is a type of life insurance that provides coverage to a group of people, such as employees of a company or members of an organization. In this case, the corporation is the policyholder and receives the insurance proceeds in the event of the insured employee's death.