Key-Person Disability Insurance

question 70

Multiple Choice

Key-person disability insurance

• A) is common in small firms.
• B) protects the firm from losses due to the death of a key employee.
• C) replaces revenue lost when a key employee is disabled.
• D) is rarely recommended by advisors to small businesses.

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Definitions:

Tang Dynasty

A dynasty in China (618-907 AD) known for its cultural, artistic, and intellectual advancements, as well as its cosmopolitan capital, Chang'an.

Zen Simplicity

An aesthetic and philosophical concept emphasizing minimalism, naturalness, and intuitive understanding, rooted in Zen Buddhism.

Unified Silla Kingdom

A Korean state that existed from 668 to 935 AD, known for unifying the Korean Peninsula and its cultural achievements.

Sesshu Toyo

A notable Japanese painter and Zen monk from the 15th century, renowned for his ink landscapes.