Business Owner: Business owner life insurance is a great way to protect the business in case the unexpected death of an owner occurs. (termlife2go.com)
Transfer of stock or death of an owner does not alter the corporation, which exists perpetually, regardless of owners, until it is dissolved. (inc.com)
I recommend that you discuss with the bank or credit union the procedure for a beneficiary withdrawing from the CD upon death of the owner. (kevinoninvesting.com)