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Business Life Insurance

The fundamental purpose of "Business Related" Life Insurance is to attract, retain, motivate and reward employees. In addition, Business Life Insurance can help promote good financial management and guarantee business succession. Although the types of Business Life Insurance are varied, they can be broadly categorized as:

Deferred Compensation - Used to provide a future source of income for select employees and has significant tax advantages.

Executive Bonus - Used to provide or supplement retirement benefits for select employees. Premium deposits are deductible to the corporation.

Buy/Sell or Key Person - Used to guarantee business continuation in the event of the death of business principal(s).

Group Term - Used to provide very inexpensive life insurance for all employees

Annuities - Used to provide retirement benefits for all employees and to encourage a "savings mentality" with employee participation.

Disability Income - Used to replace a portion of an employee's earnings in the event of a disability.

Life Insurance is an important form of "Risk Management" often overlooked by businesses. Our agents are experienced and educated in the Life Insurance options available for businesses. We'll review Life Insurance as a part of our overall responsibility to you.To discuss Business Life insurance in more detail please contact us.


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