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John and Mary, age 60, currently own a micro-brewery in Central Illinois. With two restaurant locations and brewing operations, their gross estate is in excess
John and Mary, age 60, currently own a micro-brewery in Central Illinois. With two restaurant locations and brewing operations, their gross estate is in excess of $20 million. Their primary concern is to pass their business on intact to their 3 children, Stephen, Hannah, and Ellen. What type of life insurance would you recommend to facilitate the transfer?
- A. Second-to-Die / Survivorship policy on John and Mary
- B. Group Insurance on John and Mary
- C. 10 Year Term on John and Mary
- D. Variable Universal Life Insurance on John and Mary
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