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
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