Life Insurance for the Business Owner

Being successful in a new business requires careful planning and a big investment of your time and effort.

If you are a sole proprietor, you are the heart and soul of the business. If you have partners, they rely on you to contribute to its continued success. Your employees and their families depend on the salaries it provides.

By providing your business with an insurance benefit in the event of your death, life insurance can help to sustain the enterprise and ensure continuity. The funds can be used to:

  • Provide cash flow during the transition period
  • Recruit or train your replacement
  • Buy out shares in the business

Your business also helps to support your own family’s lifestyle. You may need personal coverage to ensure your family won’t be left with business related debt.

"Make life insurance part of your business plan"