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Back to Track 2: Life Insurance

Course 2.4 · 55 minutes

Life Insurance in Your Business: Key Person Coverage, Buy-Sell Funding, and the Connelly Trap

Use life insurance to protect your company and fund a buyout, structured so the death benefit does not inflate your own estate tax.

Who it is for
Owners of businesses with partners or key employees.
Runtime
55 minutes

Pre-order: this course is still in development. Your purchase includes its materials as they are published in your portal. No release date is confirmed. Buy 5 or more and every course is 30% off.

See the full trackSee the full curriculum

After payment is confirmed and your access is set up, the files listed below can be downloaded from your portal. Any unpublished materials will be added when ready, at no additional charge.

Files currently available

  • Eoli Notice and Consent.
  • Form 8925 Checklist.
  • Buy Sell Funding Calculator Guide.
  • Buy Sell Funding Calculator.
  • Insurance Llc Diagram.
  • Key Person Coverage Worksheet.
  • Slide deck.
  • Visual: Roadmap.
  • Visual: Key Person Roles.
  • Visual: Eoli Consent Flowchart.
  • Visual: Cross Purchase vs Redemption.
  • Visual: Basis Comparison.
  • Visual: Connelly Math.
  • Visual: Fix Decision Tree.
  • Visual: Split Dollar Regimes.
  • Visual: Worked Example.
  • Visual: Transfer for Value.
  • Visual: Traps and Action Plan.
  • Workbook.
  • The narrated lesson. 55 minutes, cued to the deck, with chapter markers by lesson. Added to your portal when published, at no extra cost. This purchase does not guarantee that the narrated lesson is available today.

What the course covers

  • 01Key person insurance: who owns it, who benefits, and how it is taxed6 min
  • 02Employer-owned life insurance: the notice and consent rules and the annual form7 min
  • 03Buy-sell funding: cross-purchase versus redemption, and what each does to basis8 min
  • 04The Supreme Court's Connelly decision and why company-owned insurance can raise your estate tax8 min
  • 05The fixes: cross-purchase, an insurance LLC, and trusteed arrangements7 min
  • 06Split-dollar arrangements for executives in plain English5 min
  • 07Worked example: two owners of a 3 million dollar S corporation, redemption versus cross-purchase after Connelly8 min
  • 08Tricks of the trade: disability buyout riders and moving policies without a transfer-for-value problem3 min
  • 09Mistakes and traps: the missing form, the missing consent, and the ignored valuation clause3 min

How it fits: Requires 2.1 and 2.2. Pairs with 8.2 (buy-sell agreements).

The standard every course holds

  • A narrated lesson of 45 to 60 minutes, produced as audio
  • A designed slide deck you download and keep
  • A computational workbook that runs the actual legal tests
  • A toolkit of checklists and protocols
  • A legal authority appendix carrying the two-pass vetting protocol

Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.

Where this course sits

Track 2: Life Insurance

This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.

Back to this track

Educational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.