This publication discusses the life insurance needs of a small business owner and how important business life insurance is when planning for the future of business.
Table of Contents:
OPTIONS AFTER THE DEATH OF A SOLE PROPRIETOR
Family Continuation of the Business
New Owner
Liquidation
Life Insurance for a Sole Proprietor
OPTIONS AFTER THE DEATH OF A PARTNER
Liquidation (Arranged after Death)
Reorganization (Arranged after Death)
Reorganization (Arranged before Death)
Life Insurance for Partners
OPTIONS AFTER THE DEATH OF A STOCKHOLDER
Retention of Stock by Heirs
Sale of Stock by Heirs (After Death)
Sale of Stock by Heirs (Before Death)
Life Insurance for Stockholders
KEY EMPLOYEE INSURANCE
How to Offset the Loss of a Key Employee
Life Insurance for Key Employees
DEFERRED SUPPLEMENTAL COMPENSATION
Deferred Supplemental Compensation Plan
Income Tax Considerations
FAMILY DEATH BENEFIT
Death Benefit Only Plan
Income Tax Considerations
SPLIT DOLLAR INSURANCE
Split Dollar Plan
Income Tax Considerations
SELECTIVE PROTECTION (BONUS) PLAN
Income Tax Considerations
APPENDIX: INFORMATION RESOURCES
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