Business continuation planning tools can help you avoid the problems
that can occur when a business owner dies. A life insurance funded
business continuation plan provides a wide variety of benefits for your
family and the business.
For your family:
For the business:

   •     Allows you to maintain control of the business

   •     Prevents disputes

   •     Assures orderly transfer of the business upon death

   •     Provides an income tax-free death benefit to purchase shares of
         the business


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           Business Continuation Planning
   •     Prevents conflict with surviving owners

   •     Assures a fair price for the business

   •     May set the value of your business for federal estate tax
          purposes

   •     Can provide cash for your estate
Several business continuation plans are available:

Cross Purchase Plan
An agreement between co-owners of a business. Surviving owners purchase
pro-rata shares of the deceased owner's stock from the estate. To fund the
purchase, each stockholder owns, pays premium on and is the beneficiary of an
appropriate amount of life insurance on the other owners.

Stock Redemption/Entity Purchase Plan
The business becomes obligated to purchase the stock or partnership share of a
deceased shareholder or partner. The business owns, pays premium on and is the
beneficiary of life insurance on each shareholder or partner.

Buy-Sell
Combines the benefits of the traditional stock redemption and cross purchase
methods. Provides several benefits, including the ability to supplement retirement
income and allocate the premiums as desired.

Section 303 Stock Redemption Plan
A special type of stock redemption plan that can provide cash to the estate of a
deceased shareholder in a tax-favored manner. Allows a corporation to redeem a
deceased shareholder's stock without incurring income taxable dividends. The
potential for dividend taxation upon a stock redemption exists when a business is
passed on to surviving family members.

One-Way Buy-Sell Agreement
Allows a single key employee or an outsider to purchase the business outright from
the business owner's family using the death proceeds from a life insurance policy
following the business owner's death.

                    
Contact us for more information about creating a
                       Business Continuation Plan that's right for you.