No . I have been wondering however, how do I get "LIFE INSURANCE" coverage for a LEGAL PERSON or ENTITY? How then, would one be awarded the death benefit at a later time (being that the PERSON is not among the living , so to speak)
@@TheMoneyAdvantage A Corporate entity, or Legal Fiction , is the wording I've come across on several occasions , where the entity in many respects is regarded as or very similar to , a natural person. Most recently , within the IRS Regulations and Publications, I've found it hard to distinguish which type of PERSON is being referred to . I just had the idea come across my desk that there is likely a special policy or particular structure in which one could insure the "Corporate " or 'Legal" person, just as one might insure themselves or an other Man or Woman(natural person). Allow me to offer thanks too you , as I appreciate all the great material you continue to present, I enjoy learning with The Money Advantage.
@@coldwarunicorns The insured must be a living breathing human being, not an entity. However, A business can own the policy on an owner or employee. What is it that you are trying to achieve?
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No . I have been wondering however, how do I get "LIFE INSURANCE" coverage for a LEGAL PERSON or ENTITY? How then, would one be awarded the death benefit at a later time (being that the PERSON is not among the living , so to speak)
What do you mean by "Legal Person" and "not among the living"?
@@TheMoneyAdvantage A Corporate entity, or Legal Fiction , is the wording I've come across on several occasions , where the entity in many respects is regarded as or very similar to , a natural person. Most recently , within the IRS Regulations and Publications, I've found it hard to distinguish which type of PERSON is being referred to . I just had the idea come across my desk that there is likely a special policy or particular structure in which one could insure the "Corporate " or 'Legal" person, just as one might insure themselves or an other Man or Woman(natural person). Allow me to offer thanks too you , as I appreciate all the great material you continue to present, I enjoy learning with The Money Advantage.
@@coldwarunicorns The insured must be a living breathing human being, not an entity. However, A business can own the policy on an owner or employee. What is it that you are trying to achieve?