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4. Which of the following statements about the uses of life insurance is (are) true? I. II. A buy-sell agreement funded by a life insurance

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4. Which of the following statements about the uses of life insurance is (are) true? I. II. A buy-sell agreement funded by a life insurance policy is one way to transfer ownership of a sole proprietorship Key person life insurance is often used to provide dependent's support in the event of the untimely death of the head of a household The proceeds of a second-to-die life insurance policy can be used to pay for estate taxes III. a. I only b. II only c. I and II d. I and III e. II and

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