Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. What type of insurance policy may be used to fund this agreement

A life insurance policy

Explanation:

A buy-sell agreement is a type of a legally binding agreement between shareholders in a company that allows each shareholder to buy off the insurance policy of another shareholder/partner in the case whereby the shareholder is dead or unable to continue with the business and it is usually funded by a life insurance policy.

A life insurance policy is a contract entered by an individual or group of partners/shareholders with an insurance company in exchange for paying premiums against the insurance company providing lump payments to the insured beneficiaries in the event of the death of the insured.

answer; (covenant); good luck

answer; communities of interest; i believe this is correct, plz check first good luck;