Question

What is the primary reason to purchase keyman insurance?

a.

To indemnify the company against the loss of a key person

b.

To provide additional coverage for the employees of the company

c.

To secure the financial future of the key person

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (a).To indemnify the company against the loss of a key person Explanation:The primary reason to purchase keyman insurance is to indemnify the company against the loss of a key person whose skills and contribution are critical to the company.

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Q. What is the primary reason to purchase keyman insurance?
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