Rodrigo and Miriam have been married for 30 years. They have 3 children, all grown up and professionals in healthcare and law. Rodrigo owns an oil exploration company that he started with capital funding of $50,000, and now it has a business value of $2,000,000. Rodrigo already has a buy-sell agreement with the corporation. On the other hand, Miriam runs an online video channel that generates $8,000 a month in ad revenues. Which of the following objectives would be the primary need for the insurance of Rodrigo? Funeral Expenses They don’t need life insurance, they need critical illness insurance. Debt Repayment Taxes payable at death
Rodrigo and Miriam have been married for 30 years. They have 3 children, all grown up and professionals in healthcare and law. Rodrigo owns an oil exploration company that he started with capital funding of $50,000, and now it has a business value of $2,000,000. Rodrigo already has a buy-sell agreement with the corporation. On the other hand, Miriam runs an online video channel that generates $8,000 a month in ad revenues. Which of the following objectives would be the primary need for the insurance of Rodrigo? Funeral Expenses They don’t need life insurance, they need critical illness insurance. Debt Repayment Taxes payable at death
Chapter13: Choice Of Business Entity—general Tax And Nontax Factors/formation
Section: Chapter Questions
Problem 76TPC
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Rodrigo and Miriam have been married for 30 years. They have 3 children, all grown up and professionals in healthcare and law. Rodrigo owns an oil exploration company that he started with capital funding of $50,000, and now it has a business value of $2,000,000. Rodrigo already has a buy-sell agreement with the corporation. On the other hand, Miriam runs an online video channel that generates $8,000 a month in ad revenues. Which of the following objectives would be the primary need for the insurance of Rodrigo?
Funeral Expenses
They don’t need life insurance, they need critical illness insurance.
Debt Repayment
Taxes payable at death
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