Key employee insurance is based on the premise that the cost of replacing a key employee is generally minimal and the full value of the individual to the organization can be recouped through other employees life insurance.

The easiest, but least accurate policy comparison method to understand and use is the

A survivorship life policy may be owned by:

A traditional level-premium CAWL policy includes a minimum interest guarantee.

When a limited-pay whole life insurance policy is acquired for a juvenile, after the child becomes an adult the cash value:

An advantage of single premium life insurance is that the amount of protection is high in relation to the premium paid.

Cash value increases in a life insurance policy are not usually taxable income as long as:

Under the paid-up additions dividend option, the premiums payable by the policyowner _______ while the total death benefit and the schedule of total cash values ___________ over time.

Advantages of level-premium whole life​​ insurance include all of the following except:

The cost recovery rule for AL policies treats amounts received by the policyowner as: