A type of life insurance policy called a first-to-die policy is very helpful in business situations whereby a partner can purchase the interest of a deceased partner at death. This policy can also be used by a husband and wife by naming each other as beneficiaries. Select the incorrect statement about first-to-die plans from below.

a) It is commonly used in business partnerships
b) It cannot be used by spouses
c) It helps in succession planning
d) It facilitates the purchase of a deceased partner's interest