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Unique Boutique is a dress and accessory shop owned and oper…
Unique Boutique is a dress and accessory shop owned and operated by two sisters, Donna and Barbara Quinten. The sisters opened the shop 10 years ago when they were in their mid-thirties. The store has done well and is now turning a profit every year. Last year, Donna’s best friend died of breast cancer, turning Donna’s thoughts to how the business would go forward if she or her sister became gravely ill or died. Donna and Barbara have met with you, their financial advisor, to discuss business succession planning. The sisters brought in copies of their personal life insurance policies as well as the specifications of the profit sharing plan that they started 5 years ago. Which step of the life insurance planning process are the sisters exemplifying?
Unique Boutique is a dress and accessory shop owned and oper…
Questions
Unique Bоutique is а dress аnd аccessоry shоp owned and operated by two sisters, Donna and Barbara Quinten. The sisters opened the shop 10 years ago when they were in their mid-thirties. The store has done well and is now turning a profit every year. Last year, Donna's best friend died of breast cancer, turning Donna's thoughts to how the business would go forward if she or her sister became gravely ill or died. Donna and Barbara have met with you, their financial advisor, to discuss business succession planning. The sisters brought in copies of their personal life insurance policies as well as the specifications of the profit sharing plan that they started 5 years ago. Which step of the life insurance planning process are the sisters exemplifying?
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