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	<title>New answer on: What Is Cross Purchase Life Insurance?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-cross-purchase-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Mon, 20 Oct 2014 17:18:38 +0000</pubDate>

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		<description><![CDATA[Cross purchase life insurance would be the life insurance policy used to fund a buy-sell plan. In a buy-sell plan funded by cross purchase life insurance, each business owner purchases a life insurance policy that would pay them the amount it would take to buy out the others, if their partner(s) died.]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-cross-purchase-life-insurance</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Mon, 06 May 2013 13:21:08 +0000</pubDate>

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		<description><![CDATA[In a business with, say, two equal shareholders, life insurance can be cross-owned to fund a written cross purchase buy-sell agreement. Shareholder A owns, and is the beneficiary of, a policy on the life of shareholder B. B buys a policy on A in the same way. If B dies, the buy-sell agreement would normally provide that A buys the shares of B. The life insurance proceeds A receives income tax free would provide the cash necessary to meet this obligation.]]></description>

		

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