Uses of Life Insurance

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Across
  1. 1. The company purchased and owns a policy on key employees
  2. 3. Legal agreement providing for orderly business continuation and payment to the deceased's survivors
  3. 4. Type of Buy-Sell Agreement with a two-step plan where the employee takes over management
  4. 7. An approach that calculates the capitalized value of an individual's net future earnings
  5. 8. An approach which determines insurance amount based on person/family financial goals and objectives
Down
  1. 1. A plan in buy-sell agreement preferred with a minimal number of partners
  2. 2. Combines the employee's need with the employer's ability to pay
  3. 5. Type of Buy-Sell Agreement with a entity plan or cross-purchase plan
  4. 6. Lump-Sum need for funeral costs, burial and related cost
  5. 9. A plan in buy-sell agreement simpler with many partners (requires fewer policies)