Which of the Following Best Describes a "Key-Person" Insurance Policy

Multiple Choice

Which of the following best describes a "key-person" insurance policy?

A) It is a fire insurance policy purchased to insure the home of close relatives.
B) It is a life insurance policy purchased by an individual naming his or her spouse or children as beneficiaries.
C) It is a life insurance policy purchased by a business insuring its key employees or officers.
D) It is a health insurance policy that extends coverage to the family members of the insured.
E) It is a business policy that covers losses by dishonest key employees.