Buy-Sell Agreements Funded with Life Insurance

Posted on Leave a commentPosted in Business Continuation, Key Person Insurance, Life Insurance

Introduction: A Buy-Sell / Business Continuation Sell agreement should be considered in every closely held business. This agreement defines the disposition of an owner’s interest in the business upon the specific triggering event such as a partner’s death, disability, retirement or other termination.  This is especially important when the owners want the business to stay […]

Dead Peasants Insurance and What This May Mean to You

Posted on Leave a commentPosted in Business Continuation, Insurance, Key Person Insurance

For many years, companies have purchased and owned life insurance policies on key personnel considered essential to the business.  In the event of a key person’s death the Company-Owned-Life-Insurance (COLI) policy would pay a tax free benefit to the business – to help fund the business through the transition, recruit a replacement, buy out the […]