Sal is applying for life insurance to protect the value of his sole proprietorship business for his
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Sal is applying for life insurance to protect the value of his sole proprietorship business for his wife and children in the event of his premature death. He has requested $2,000,000 of term insurance coverage. One of the questions on the insurance application form requires Sal to divulge to the agent the amount of net (after expenses and before taxes) income generated by his business. Primarily, why would the insurer wish to know this information?
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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