Which of the following would NOT be eligible for coverage under key person insurance?

A. The executive officer of a company
B. The owner of a shop
C. The manager of a small store
D. The pharmacist in a drug store



Answer :

Final answer:

Key Person insurance provides coverage for crucial individuals in a business, excluding primary stakeholders like shop owners.


Explanation:

Key Person insurance is designed to provide coverage for individuals who are critical to a business's operations and whose absence could significantly impact the company. The owner of a shop, such as option B, would NOT be eligible for coverage under key person insurance because as the owner, they are not a key person but rather the primary stakeholder of the business.


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