Stock redemption plans provide the means for a corporation to redeem the shares owned by a deceased owner/stockholder by using the proceeds of business life insurance for which it is both owner and beneficiary. By holding one policy for each owner/shareholder, this type of plan simplifies administration (vs. cross-purchase plans). The business insurance specialists of HaasHaas + Associates can provide guidance as to the types, coverages and details of this type of very effective business insurance plan.