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2. Key man insurance: What it is and how it works - AOL

   www.aol.com/finance/key-man-insurance-works...

   Key man insurance is a type of life insurance policy that a company purchases to cover a founder, owner, executive or anyone else essential to a business’ operations. The beneficiary is the ...

3. Business owner's policy - Wikipedia

   en.wikipedia.org/wiki/Business_owner's_policy

   A business owner's policy (also businessowner's policy, business owners policy or BOP) is a special type of commercial insurance designed for small and medium-sized businesses. [1] BOPs are cost-effective and convenient for business owners, as they provide comprehensive protection against common risks like property damage, lawsuits, and income ...

4. Small Business Insurance: What Coverage Do You Need? - AOL

   www.aol.com/small-business-insurance-coverage...

   Proper insurance coverage protects your small business from unexpected circumstances and costs. Yet, according to the 2023 Hiscox Underinsurance Report, 75% of small businesses in the U.S. don’t ...

5. 47% of Americans overestimate life insurance costs – here’s ...

   www.aol.com/finance/47-americans-overestimate...

   The least expensive type of life insurance is usually term life insurance. It provides coverage for a specific period — often 10, 20 or 30 years — and is typically much cheaper than permanent ...

6. Corporate-owned life insurance - Wikipedia

   en.wikipedia.org/wiki/Corporate-owned_life_insurance

   Interest incurred on indebtedness has historically been deductible, (although the deduction of "personal" interest was largely eliminated in 1986), and in the 1950s a type of "leveraged insurance" transaction began being marketed that permitted an insurance owner to in effect deduct the cost of paying for insurance by (1) paying large premiums to create cash values, (2) "borrowing" against the ...

7. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The Group Life Insurance Handbook, Darlene K. Chandler, J.D., CLU, ChFC, The National Underwriter Company, 1997; Planning for Business Owners and Professionals, Ted Kurlowicz, James Ivers III, John J. McFadden, The American College, 2003; Section 79, IRC; Treasury Reg 1.79; Diminimus Fringe Benefits -Notice 89-110 / IRC Sec 132(e)