Broker Check

Protecting your Business with Life Insurance

Is your business protected from financial problems caused by the unexpected death of a key employee, partner, or co-owner? 

Is your business protected from financial problems caused by the unexpected death of a key employee, partner, or co-owner? 

If you own your own business, chances are you’ve at least thought about the conditions under which you will leave the business and who is going to take over after you're gone. Business continuation is difficult enough under normal circumstances, but if it takes place following the unexpected death of a key person or owner, the complications can increase exponentially.


Company-owned life insurance is one way to help protect a business from financial problems caused by the unexpected death of a key employee, partner, or co-owner. If the covered individual dies, the proceeds from this type of insurance can help in several ways. Here are some examples.

CRN202210-272307

Fund a Buy-Sell Agreement

Fund a Buy-Sell Agreement

A buy-sell agreement typically specifies in advance what will happen if an owner or a key person leaves the company, either
through a personal decision or because of death or disability. The death benefit from a company-owned life insurance policy can be
used to purchase the decedent’s interest in the company from his or her heirs.

Replace Lost Income

Replace Lost Income

If a business owner has family members who depend on the income from a business, which simply could not continue if he or she were suddenly gone, the proceeds from company-owned life insurance could help replace the lost income and help protect the family’s quality of life while they adjust and move on.


A thorough examination of a business and the related personnel should be conducted before the exact amount of coverage is determined.

Keep the Business Going

Keep the Business Going

If a decision is made to continue the business, there may be a period when operations cease while the survivors develop a plan to move forward. The death benefit can be used to help replace lost revenue or to pay costs associated with keeping the doors open, including rent, utilities, lease payments, and payroll. It may also help the surviving owners avoid borrowing money or selling assets.

My business is personal.

Client Centered

You have worked hard to build your business. 

Let me help you protect it.  

Lets Talk

Have a Question?

Thank you!
Oops!