Vernal Express | 1977-10-20 | Page 5 | Your Life Insurance

IQ ii rn 1 1 LIFE r E Prepared by the American So c ct I t et t y of Chartered Life U n nd d e the national society of life insurance professionals who have earned the C CL L U designation by meeting uti high educational ethical and and experience requirements ments Q My partner and I own owna a small clothing store This year we planned to expand and applied for Cor a loan A question on the Iho loan application application tion Hon dealt with whether we had some form Corm of oC business life Insurance Would you explain explain explain ex ex- ex- ex plain the reason for this 5 A A. Gladly Business life insurance insurance in in- is life insurance used to protect a n business or the family family family fam fam- ily of a businessman from the financial loss often resulting from the death of someone associated associated asso asso- with the business It is written for numerous purposes purposes purposes pur pur- poses chief among them are Keyman Protection to to reimburse or provide replacement replace replace- ment mentin in the event of the death of ofa a key employee Partnership Insurance to to retire a partners partner's interest at death Proprietorship Insurance ance to ance-to to provide for the maintenance maintenance maintenance main main- of a business upon the death of the sole proprietor