A Business Organization Cannot Obtain Insurance on the Life of a Person

question 41

True/False

A business organization cannot obtain insurance on the life of a person, even on the life of an individual who is important to that organization.

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Definitions:

Functional Declines

A decrease in physical, emotional, or cognitive abilities, often related to aging or chronic illnesses.

Mortality Revolution

A significant reduction in mortality rates, leading to an increase in life expectancy, often attributed to improvements in public health and medicine.

Mourning Customs

The practices and rituals that different cultures engage in to remember and honor the deceased, reflecting varied beliefs about death and the afterlife.

Finances

The management of money, including saving, investing, budgeting, and spending, across personal or organizational contexts.