"Business Uses of Life Insurance" JH Journal

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Life insurance on the life or lives of one or more of a business's owners or executives can be a useful tool in the advisor's toolbox when dealing with risks facing the business. It is commonly used to fund entity and/or cross-purchase buy-sell agreements, to informally fund nonqualified deferral compensation arrangements, for restricted endorsement bonus arrangements, and to insure against the untimely death or termination of a key person in the business. This article discusses many of the ways that a business can shift risk economically using life insurance.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Kevin Blanton | Attorney Advertising

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