Protect Your Business Success
Plan Ahead with Small Business Life Insurance
As a small business owner, you've worked hard to establish your business and achieve success. However, there may be planning issues you need to address to be sure your success continues. We can help with a variety of life insurance policies.
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What will happen to your business at your death? Will your heirs need to sell the business to obtain cash to pay taxes on capital gains, probate fees and other liabilities? Will your heirs and surviving owners work together harmoniously? As a small business owner, you may be able to use life insurance to help with an orderly, economical transition.
Employees are an integral part of a business owner's success. Could your small business continue to be as profitable in the event of the unexpected death of a key employee? Life insurance may be an option to make sure you have cash available when you need it.
1Surrenders may be subject to a surrender charge. Unpaid loans and withdrawals will reduce the death benefit and the policy cash value. Withdrawals also will reduce the policy account value/cash surrender value. Loans accrue interest.
Insurance policies and/or associated riders and features may not be available in all provinces, and policy terms and conditions may vary by province. For more details on coverage, costs, restrictions and renewability; or to apply for coverage, contact your local State Farm agent.