Ferguson, Jon, Ruben and Ruby are equal and unrelated shareholders in Grisby Corporation, and all share in Grisby's management. All agree to turn in their stock to the corporation for redemption at $250 per share if any one of them withdraws (by death or otherwise) from the business. Shortly thereafter, Ruben dies, and the estate redeems the Grisby stock at the agreed-upon price of $250 per share. Life insurance is used to provide all of the financing needed to carry out the buy-sell agreement.

If insurance is used in the entity type of agreement, the __________ takes out a policy on the life of each owner. Therefore, full funding with insurance would require fill in the blank 2 _______ policies. With the cross-purchase type, must insure the life of every owner. Therefore, full funding with insurance would require fill in the blank 4 _______ policies.