Business Succession Planning Life Insurance
With business owner life insurance, your company can continue if you were to die. Take a moment and think if your company could operate without you.
A death benefit could provide financial safety for your family, business partner and/or your company.
The death benefit could be used for:
- Liquidity in order make sure the business isn’t sold hastily.
- Used to hire an employee or replacement.
- Provide the money needed to buy the part of the business owned by the deceased.
Securing coverage is important in that it give a period of time for the company to appropriate transitions when an owner dies.