Is Buy-Sell Agreement a Personal Use of Life Insurance
Is a Buy-Sell Agreement a Personal Use of Life Insurance? (2025 Update) Quick Insights Buy-sell agreement life insurance is business use, not personal use. Cross-purchase and entity-purchase are the most common structures. 2025 estate tax updates do not change business-use classification. Life insurance provides tax-free liquidity for ownership transitions. Alternative funding methods include sinking funds […]