UPDATED: December 2025
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This session considers the use of life insurance owned by businesses. It reviews the funding of key person insurance policies, and discusses other corporate owned life insurance plans such as stock redemptions and nonqualified deferred compensation.
Learning Objectives
Upon successful completion of this learning activity, you will confidently be able to:
- Understand who is a key person and why insurance in important
- Consider the primary steps in designing and installing a key person life insurance program
- Review corporate owned life insurance for nonqualified deferred compensation, and
- Review corporate owned life insurance for a stock redemption plan
Presenter
Steve Parrish, JD, RICP®, CLU®, ChFC®, AEP®
CFP® CE Credit
This content is eligible for one hour of CFP® continuing education (CE) credit.
If you hold the CFP® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP® ID number is entered here.
The College’s Professional Recertification Program (PRP)
This content is eligible for one hour of PRP continuing education credit.
To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.
Key Person and Corporate Owned Life Insurance Planning
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