Which provides for the continuation of a business If the owner dies prematurely?

Deferred compensation refers to a portion of an employee's pay that is set aside to be paid out at a later date, typically after retirement. While this can be a beneficial tool for retirement planning, it does not directly address the issue of business continuation in the event of the owner's premature death.

Executive bonuses are financial rewards given to executives based on their performance or other predetermined criteria. While bonuses can incentivize key personnel and contribute to business success, they do not inherently provide for the continuation of the business if the owner dies prematurely.

Key employee life insurance policies are designed to protect a business from financial loss in the event of the death of a key employee, often providing funds to help cover expenses or losses associated with such an event. While important for risk management, key employee life insurance does not directly address the issue of business continuation after the owner's premature death.