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.

Joint Universal Life Insurance

Joint Universal Life insurance covers two lives under one permanent policy and can help protect your business if you pass away. If you co-own a business, you and your business partner could be protected. So no matter what occurs, this policy could help keep your business going by:

  • Providing the funds for the continuation of the business
  • Helping ease the financial impact to the business should an owner pass away
  • Building accumulated fund value that can be used for business needs1
  • Financing a buy-sell agreement


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.