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#Finterms: Stock Redemption Agreements

Stock Redemption Agreements are buy-sell agreements where the company owns life insurance policies on each partner. When a partner dies, the company buys out the deceased partner's estate with the insurance proceeds. This retires the deceased partner's stock and increases the surviving partner's interests proportionally. Stock redemption agreements differ from Cross Purchase Agreements, where the partners own the insurance policies.
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#Finterms: Cross-Purchase Agreements

Cross-Purchase Agreements are buy-sell agreements where partners own life insurance on one another. When a partner dies, the surviving partners use the insurance proceeds to purchase a predetermined proportion of the deceased partner's interest. Cross-purchase agreements differ from Stock Redemption Agreements, where the company owns the insurance policies.
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