Which of the following is NOT a benefit of key person insurance?

Key person insurance, also known as key man insurance, is a type of life insurance policy that a business purchases on the life of a key employee, such as a founder or top executive. This insurance provides financial support to the business in the event of the key person's untimely death, helping the company to stabilize during a difficult time.

The options indicating business continuity, loan security, and coverage for business debts are all recognized benefits of key person insurance. Business continuity refers to the ability of the company to continue operations and sustain itself without the key individual. Loan security highlights how the proceeds from a key person insurance policy can be used to pay off outstanding debts to maintain financial stability. Likewise, coverage for business debts implies that if a key person passes away, the policy can help the business manage or settle its financial obligations.

In contrast, wage control does not align with the primary purpose of key person insurance. This type of insurance focuses more on mitigating the financial risk associated with losing a vital employee rather than providing wage control mechanisms. Therefore, the aspect of wage control does not represent a direct benefit of key person insurance, making it the correct choice for what is not considered a benefit.