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Business Life is a 9 hour insurance continuing education course for life accident sickness licensees. It explores business-owned or corporate-owned life insurance that is held by employers on the lives of employees.
Understand how these policies are used by businesses to fund current and future employee benefits. Determine the tax issues that have been raised with respect to this type of insurance. Study the model of business borrowing with respect to life contracts owned by the business. Learn about the benefits of split-dollar life insurance. As a student, examine the details of key person life and buy-sell agreements. Be familiar with insurable interest, which exists when an insured derives a financial or other kind of benefit from the continuous existence of the insured. Address etais of Trusts, their structure and fiduciary nature.
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