Paxton started You Drop It, We Fix electronics repair 15 years ago. In an effort to keep good employees, he offered 5 employees an ownership stake 4 years ago. Paxton would like to retire in 15 years and would like to start planning a transition strategy. The 5 other owner/employees are not financially ready to buy him out, but he is worried his family will be left with nothing from the business if he were to die prematurely. Jonas is a CFP Professional, and has met with Paxton over the years. Jonas suggested looking into a buy/sell agreement funded with life insurance to ensure Paxtons family would have money available in the event of his early death. Paxton did not want to put a financial burden on his team, so Jonas suggested an entity purchase agreement. How many Insurance policies would need to be issued to fund the agreement? Question 12 options: 6 policies, one owned by each of the employee/owners. 1 blanket policy owned by the business, with Paxtons family as beneficiary. 30 policies, 5 owned by each of the 6 employee/owners on the other 5 employee/owners. 6 policies, owned by the business.