Question

What does a Keyman Insurance Policy typically cover?

a.

Property damage caused by employees

b.

Losses due to natural disasters

c.

The life of a key person who is or was an employee/connected to a business

d.

Health benefits for company executives

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).The life of a key person who is or was an employee/connected to a business Explanation:A Keyman Insurance Policy covers the life of a key person who is or was an employee/connected to a business, providing financial protection to the business in the event of the key person's death.

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