Health and Life Insurance

Answer: B - The key person disability insurance pays monthly benefits to cover expenses when a person essential to the operation of the business is disabled. This monthly payment assists with paying someone to provide additional help or covers the cost of using outside services while the key person is unable to do the job. Key persons include partners, working stockholders, managers, and others defined by their economic value to the company. These benefits can be distributed as either lump sum amounts or monthly payments.