Question

All of the following are business uses of life insurance EXCEPT

A. Funding business continuation agreements.
B. Funding against general company financial loss.
C. Compensating executives.
D. Funding against financial loss caused by the death of a key employee

Answer 1

Life insurance policies have various business uses, but they are not typically used for funding business continuation agreements, compensating executives, or funding against general company financial loss.

Step-by-step explanation:

Life insurance policies can be used for various purposes in business. However, one main purpose is to provide financial protection for survivors of the insured. It is not typically used to fund business continuation agreements, compensate executives, or fund against general company financial loss. These uses of life insurance fall outside the typical business applications.