Supreme Court Decision Impacts Buy-Sell Arrangements

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.

Client email template: Simply copy/paste the content from this template into your email and send to your business-owner clients.

Connelly financial professional flyer: For your edification, this flyer explains the Connelly decision and its impact on business succession plans.

Consumer white paper: For those times the client asks: “Do you have something I can read through?”

Post-Connelly business succession fact finder

You can also find these materials in the business succession section of our BOLD microsite (Business Owner Life-stage Design): www.securian.com/bold