All of the following are true of key person insurance EXCEPT А)
The key employee is the insured.
B)
The plan is funded by permanent insurance only.
There is no limitation on the number of key employee plans in force at any one time.
(D
The employer is the owner, payor and beneficiary of the policy.

Which of the following is a reason to approach smaller banks for a business loan? question options: their criteria for approving a loan are much less stringent than those for larger banks. they emphasize personal relationships and may give more weight to personal attributes. they have lower fees. they grant larger loans.