Setting up a life insurance policy isn’t the most straightforward thing. It involves answering numerous questions and really thinking about future goals. While creating a policy, your agent will ask you questions about your health and lifestyle. However, there will also be some out-of-the-ordinary questions such as who to designate as your beneficiaries and whether they will be revocable or irrevocable.
By Kevin Wark
Most insurance advisors are familiar with the benefits of corporate-owned life insurance. To start, it may be "cheaper" to fund the premiums with after-tax corporate dollars rather than using personal funds.