What should robert and marco do

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Problem

Robert and Marco are equal partners in a successful engineering consultant firm. They have a group disability insurance policy in place for themselves and their two employees. The policy would pay a non-taxable benefit equivalent to 65% of their salaries until age 65. In addition, they have a business overhead expense (BOE) disability insurance policy providing for benefits of $4,000 a month for 24 months. Recently, Robert and Marco took out a substantial business loan and are concerned about what would happen if either of them became disabled: with the lost revenue, the $1,000 a month loan payments owed to the bank would be near impossible to make. Get the instant assignment help. What should Robert and Marco do?

Reference no: EM133924841

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