Life insurance agent Morgan is meeting with her client Jesse, who owns a

construction management company. Jesse already owns an individual

insurance policy, but has mentioned that his project manager, Michelle, plays

a crucial role in his company. Morgan therefore explains key person

insurance to Jesse.

What are some of the terms that Morgan should discuss with Jesse so that

he understands why key person insurance is important?

Share redemption and beneficiary.

Lost revenue and overhead expenses.

Criss$-$cross insurance and cross$-$purchase agreements.

Capital dividend account and capital gains exemption.