Corporate owned life insurance proceeds may be used for the following purposes: I. To find, replace, and train a new employee or executive II. To fund other corporate debt obligations III. To redeem the deceased employee’s stock. a. III only b. I and III only c. All of the above d. None of the above

Corporate owned life insurance proceeds may be used for the following purposes: I. To find, replace, and train a new employee or executive II. To fund other corporate debt obligations III. To redeem the deceased employee’s stock.
a. III only
b. I and III only
c. All of the above
d. None of the above

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