On June 6, 2024, the U.S. Supreme Court decided a case, Connelly v. United States, which will affect all business owners who have life insurance-funded buy-sell agreements — specifically agreements commonly referred to as “entity purchases” or “stock redemptions.” This decision has muddied the waters around buy-sell agreements by reversing generally accepted principles long held by the financial services community.

The Securian Financial Advanced Sales Team created materials to help address this issue with your business-owner clients.