If life insurance is used to fund a preneed contract, what amount must be recorded on the financial statement?
Related Questions
- If a preneed entity uses individual life insurance to fund the preneed contracts, does the preneed sales agent need to hold an insurance producer license to sell life insurance?
- If a preneed entity uses group life insurance to fund the preneed contracts, does the preneed sales agent need to hold an insurance producer license to sell life insurance?
- If life insurance is used to fund a preneed contract, what amount must be recorded on the financial statement?
