Within the Entities loan menu expand the Entities table showing all companies to show company owners by clicking on > in the first column.  

• Click on the hyperlinked owner you want to indicate as requiring life insurance against
• You will land in the Company Contact > General tab
• Scroll down to the bottom to the subcategory labeled Conditions
• Check the Life Insurance Required box
• Input the Life, Amount with the amount of life insurance you're requiring
• OPTIONAL:  Input Life, Insured As only if the name on the life insurance will be different than what's on the vCard for this contact.
• Click on Save