Tuesday, October 24, 2006
John Hancock Introduces New Business Continuation Concept: Cross-Endorsement Buy-Sell Plans
The Advanced Markets unit of John Hancock Life Insurance Company has released a new business continuation concept -- the Cross-Endorsement Buy-Sell plan -- which combines two well-known concepts, Split Dollar and Buy-Sell planning, to provide all the benefits of a cross-purchase plan, but allows each owner to own the life insurance policy (and its cash value) on his or her life.
John Hancock Introduces New Business Continuation Concept: Cross-Endorsement Buy-Sell Plans
Source: Yahoo! Finance
John Hancock Introduces New Business Continuation Concept: Cross-Endorsement Buy-Sell Plans
Source: Yahoo! Finance