Life insurance for businesses provides an invaluable benefit: it offers protection against a variety of anticipated and unexpected contingencies, allowing business owners and managers to focus on the daily operations of their businesses. Business life insurance can help to ensure that funds will be available for a successful continuation of the business and protects invested time and assets.

This course examines the various business structures, analyzes the problems common to all 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.

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
• 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