Life Insurance for Businesses


Life insurance for businesses provides an invaluable benefit: it allows business owners and managers to focus on these primary concerns by managing risks and offering protection against a variety of anticipated and unexpected contingencies. Business life insurance also ensures a successful continuation of the business and protects invested time and assets.

This course thoroughly analyzes the problems common to all of the business structures and compares the specific problems they encounter. This content is specially tailored for insurance agents, financial planners, advisors, CPAs, and other financial professionals who serve the business community as advisors.

Learning Objectives

Upon completion of this course, students should be able to:

  • compare and contrast the characteristics of sole proprietorships, partnerships, corporations, and limited liability companies
  • describe the factors that influence the choice of business organization
  • explain the circumstances in which key person life insurance is appropriate for a business
  • identify the two basic types of split-dollar life insurance arrangements, their benefits, and their tax treatment
  • describe the purpose and taxation of Section 162 executive bonus plans
  • discuss the use of deferred compensation and salary continuation arrangements and how they are structured
  • describe the basic features of corporate-owned life insurance

Designed For

Life and health insurance producers; financial planners and advisors
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