Small Business Life Insurance
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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Business Continuation

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.

Key Employees

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.

Survivorship Universal Life (Universal Life Term to 100)

Survivorship Universal Life Insurance covers two people. The death benefit is paid when the last person insured under the policy dies. Survivorship Universal Life is an efficient way to assist with a variety of planning needs.


  • Typically less expensive than two individual life policies.


  • You decide the amount of life insurance and premium payments subject to policy minimums.
  • The fund value can be paid upon the first death.
  • Premiums can be waived upon the first death.
  • Death benefit - Life insurance proceeds are generally income tax free to the beneficiary.


1Surrenders may be subject to a surrender charge. Withdrawals will reduce the death benefit and the policy cash value. Withdrawals also will reduce the policy account value/cash surrender value.

For more details on coverage, costs, restrictions and renewability; or to apply for coverage, contact your local State Farm agent.