Most people think of life insurance as something you buy to protect your family, but in the corporate world, it serves an entirely different purpose. Corporate-owned life insurance, or COLI, is a ...

On June 6, 2024, the Supreme Court unanimously decided the case of Connelly v. United States, which concerned the valuation of a business with company-owned life insurance. In this case, two brothers ...

On June 6, 2024, the Supreme Court held 9-to-0 in Connelly v. United States that company-owned life insurance increases the company’s fair market value for estate tax purposes, and the company’s ...

The deal adds a block covering roughly 170,000 employees to a platform jointly owned by six regional Blue Cross plans ...