1. Personal life insurance for business owners 2. Key person life insurance for business owners 3. Buy-sell agreements and life insurance for co-owners Table of contents As a business owner, you’ll likely need more life insurance than what you’d get from a personal policy. A personal lif...
Life insurance is a smart business move for companies large and small. No matter your industry, it’s important to safeguard your business’s future with coverage. Not sure where to start or what you need? Talk to a local, independentagentabout life insurance for business owners today....
Life insurance helps business owners treat their adult children fairly when not all of them are part of a business. A parent, for example, plans to leave the business to the daughter and wants to give an equal inheritance to a son. A life insurance policy can help do that. Tips: Choose...
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Discover how life insurance can help protect your business, diversify your assets, cover debt and plan for a partner buyout.
Develop special-needs trusts for family members Employ tax-favored vehicles for financial retirement planning At Frankenmuth Insurance, it’s our passion to work with business owners to ensure their continued success well into the future. Our life insurance team provides consultations, proposal reviews...
Life insurance can help you or your business avoid liquidation, pay estate taxes, provide income for loved ones, or carry on operations for your clients. Certain types of coverage for business owners can also ensure that ownership and shares are transferred fairly to partners. Types of life in...
The death benefit aspect of life insurance policies is straightforward. In short, a death benefit provides beneficiaries with a pre-determined payout after the policy holder’s death. There are limits, but for most individuals of modest wealth, death benefits are not taxable and, as they typical...
Thetype of life insurance policy to usedepends on the desired objectives of the business or business owner. Estate Planning for Business Owners In many cases, the majority of a business owner’s estate is tied up in the value of the business. Without an effective estate plan, including a bu...
Types of life insurance for small business owners Key person life insurance A key person policy is a type of small business life insurance that covers employees considered to be indispensable to the company. Losing them would have a major financial impact on the business, particularly if the indi...