Among the many smart uses for life insurance in a business:

  • Provide necessary capital for buy-out of a deceased partner’s estate
    • To benefit heirs
    • To control who owns the business afterward (fund a buy/sell agreement)
  • To provide continuity of operations
    • Temporarily replace some business revenue lost by the passing of a key employee or owner
    • To give the business capital with which to hire any needed replacements
  • Perhaps to do double-duty
    • To provide capital to fund a buy/sell agreement in case of the death of a partner
    • To use the potential accumulated cash to help fund retirement needs if no premature death
  • To reward or incent key employees

Each business situation is different, as is each solution to be discussed. We can help you sift through these important considerations.

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