Do current plans include:

Buy-sell planning	[X] YES	[  ] NO
Key person insurance	[  ] YES	[X] NO
Business overhead expense insurance	[X] YES	[  ] NO
Personal life and disability	[X] YES	[  ] NO
Estate planning	[  ] YES	[X] NO

Comments: The principals wish their shares of the business to be sold to the surviving or remaining shareholders in the event of death, disability or retirement.

• A formal stock-redemption buy-sell agreement was established four years ago. The agreement arranges for a buy-out at the death of the principals.
• The agreement is funded with term life insurance. However, neither retirement nor disability buy-out provisions are included.
• The agreement is based on a fixed price for each shareholder's interest. The business valuation used to establish the price for each shareholder's interest has not been reviewed since the agreement was created.

Executive benefits: (See comments below.)

Do current plans include:

Executive bonus plans	[  ] YES	[X] NO
Supplemental executive retirement plans	[  ] YES	[X] NO
Salary continuation plans	[  ] YES	[X] NO
Split-dollar life insurance	[  ] YES	[X] NO

Comments: The principals are not using business dollars to purchase personal life insurance, nor are they currently providing company-paid benefits on a selective basis to themselves or other key employees.