Business Life Insurance

BUSINESS LIFE INSURANCE

A majority of business owners do not have a formal exit strategy or business continuation plan (not formalized, poorly structured, not funded, outdated).

Why you might need a business continuation plan- An owners death/disability, a change in relationships, mergers or acquisitions, divorce, bankruptcy, retirement or involuntary termination.

We can help you plan and protect the future success of your business in several ways:

-Key Person Insurance- If your business relies heavily on a few key employees and their death or disability would significantly impact the business then consider Key Person Insurance.

-Employee Retention- In a market with record unemployment one of the best ways to retain talent and differentiate your company is through offering benefits such as life and disability insurance.

-Buy Sell Agreements- For businesses with multiple owners, a Buy Sell Agreement is a buy-out strategy that pays the deceased owner’s estate.

-Business Valuation- Do you know how much your company is worth? A formal business valuation could cost $10,000 or more. Through our partners we’re able to offer complimentary informal company valuations conducted by CPAs and other professionals that are within 5% accuracy of formal valuations.

Contact us to discuss the best ways to improve or protect your business through various life insurance solutions.