In Lisa Zeiderman’s latest article for Forbes, she discusses how important business life insurance can be as it applies to the valuation of a business interest. For example, life insurance may be mandated during a divorce to protect the non-titled spouse’s interest in the titled spouse’s business until the actual buyout for such interest is paid. This is just one of its many applications.
Read the article, here: https://www.forbes.com/sites/forbesbusinesscouncil/2024/05/20/how-life-insurance-protects-businesses-and-breaking-down-common-misconceptions/?sh=128d01b77766