Drew owns a landscaping company and has just obtained a business loan to purchase new equipment. After speaking with his life insurance agent, he has decided to apply for business loan protection disability insurance. Given this scenario, which of the following statements is most correct? Select one: a. The loan may be for any reason as long as it is in the company name b. The loan may be issued by a financial institution or other lender c. The loan must have a minimum 5 year repayment schedule d. The loan must have been issued by a financial institution

Drew owns a landscaping company and has just obtained a business loan to purchase new equipment. After speaking with his life insurance agent, he has decided to apply for business loan protection disability insurance. Given this scenario, which of the following statements is most correct? Select one: a. The loan may be for any reason as long as it is in the company name b. The loan may be issued by a financial institution or other lender c. The loan must have a minimum 5 year repayment schedule d. The loan must have been issued by a financlal institution