Life Insurance Basics
What problem does business continuation planning address?
Answer and explanation
Answer: A. Business continuation planning addresses what happens to the enterprise when an owner dies, using agreements and insurance so the business can carry on and the family be paid. Growth, retention, and valuation are business concerns addressed by other means.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, business continuation
More life insurance basics questions
- What underwriting difference distinguishes group life from individual life insurance?
- What use of a senior-specific certification does New York's Regulation 199 prohibit?
- When is a statement of good health obtained on delivery of a life insurance policy?
- When may an insurer disclose an applicant's personal information without a specific authorization?
- Where are the assets supporting a variable life policy held, and who bears the investment risk?
- Which characteristic of the granting organisation makes a senior designation a prohibited one under Regulation 199?
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