Business Life Insurance can be as straightforward as a business paying for a key employee to be covered in case of death. This helps the employer assure their customers that they will stay in business even if loosing their key employee and providing funds to recruit and hire a replacement in case of death of that employee. It can also be as complicated as being a part of an executive arrangement for retirement with split benefits for both the employer and the beneficiary’s of the executive.
This is why it is imperative to have an agent that understands the complexities of life insurance solutions for businesses. Trying to accomplish this on your own is daunting. Having a licensed expert to walk you through the exploratory process to find out your budget, your coverage needs and the needs of the employee, employer and all the beneficiary’s that can be involved in business life insurance plans.
Many times the owners are too involved and close to have a good prospective when it comes to identifying the needs of all involved. That’s where a local life insurance agent that is experienced with these types of transactions can be of great help.The following are the most requested life insurance policies for small business.
- Key Man Life Insurance
- Buy/Sell Purchase Plan
- Buy/Sell Redemption Plan
- Executive Bonus Life Insurance Arrangement
- Executive Benefit Split-Dollar Life Insurance Arrangement
- Non-qualified Supplemental Executive Retirement Life Insurance Plan
*Note that some of these plans will require the participation of legal and accounting consul.
If you would like someone to contact you in regard to one of these types of Business Life Insurance Plans, please fill out the form below in as much detail as possible and we will have someone contact you within 24 hours to help answer any questions you may have.