Business life insurance protects against various contingencies, ensuring funds for business continuity and safeguarding investments. This course explores different business structures, common problems, and specific challenges. It’s designed for insurance agents, financial planners, and financial professionals advising businesses.

• Compare and contrast the characteristics of sole proprietorships, partnerships, corporations, and limited liability companies
• Describe the factors that influence the choice of business organization
• Understand the purpose of buy-sell agreements in business continuity planning and the role of life insurance in funding buy-sell agreements
• Explain the circumstances in which key person life insurance is appropriate for a business
• Discuss the use of deferred compensation and salary continuation arrangements and how they are structured
• Describe the basic features of corporate-owned life insurance