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 in development and appears in your portal the day it is released. Buy 5 or more and every course is 30% off.

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Instant download after payment. Nothing is withheld for a later purchase.

What you receive

Employer-Owned Life Insurance Notice and Consent template under section 101(j)
Form 8925 annual filing checklist
Buy-Sell Funding Calculator that models the Connelly effect (Excel)
Insurance LLC structure diagram in the house style
Key person coverage worksheet
The narrated lesson. 55 minutes, cued to the deck, with chapter markers by lesson. Emailed to you the day it publishes, at no extra cost.

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.