Business Owners Insurance
Business Succession Solutions
Business owners have unique life insurance needs. The two most common concepts for business life insurance are buy sell life insurance and key person life insurance.
Buy-Sell life insurance
Buy-Sell life insurance coupled with a shareholder’s agreement, protects both the surviving business partner(s) and the family of the deceased partner. A business with multiple shareholders (sometimes excluding spouses) should have these in place.
Key Person Insurance
Key person life insurance gives a business a cash injection on the death of a key person. The beneficiary of key man life insurance is the company itself. The death of an important team member causes financial stress and the death benefit is used to mitigate this. Key person life insurance is often written into shareholder’s agreements as well.
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Insurance In Detail
Are you protecting your most valuable asset: you?
Term Insurance
Term life insurance is the most affordable kind of life insurance; a large death benefit can be acquired at relatively little cost.
Whole Life Insurance
Whole life insurance is permanent life insurance that offers both guarantees and cash values
Universal Life Insurance
Universal Life Insurance has an investment component to it that grows on a tax sheltered basis.
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Email:info@preferredwealth.ca
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