Do you own a business with partners and key employees?
Do you have life insurance on each owner/partner to buy out the deceased partners’ interest so you don’t end up in business with a partners spouse, estate or trustee?
Do you have an unfunded or underfunded buy sell agreement the says what you will do in event of a death or disability of an owner/partner but has no life or disability insurance to make it happen?
Life and disability insurance proceeds are tax free…buying a deceased partners’ interest from business profits or personal funds is after tax dollars.
Do you have key person life insurance on employees who are key to your company’s success? What would be the loss of sales/earnings and how long would it take to find a replacement?
What impact would a key person loss have to your bottom line?
Call me to review your current business insurance policies and determine the necessary coverage to protect all concerned….from those “contingencies of life you cannot control”.