Life Insurance
Key-person coverage and buy-sell funding so a death does not leave the company, the bank, or the surviving owners without a plan.
If a partner or key employee dies, the business still has payroll, debt, and customers. Business life insurance is the cash that lets the remaining owners keep operating — or buy out the estate — without a fire sale.
Two designs do most of the work. Key-person insurance is owned by the company on someone whose death would hurt revenue, credit, or operations. The benefit gives the firm time and cash. Buy-sell insurance funds an agreement that says how ownership transfers when an owner dies (and often at disability or retirement). Term can fund a loan or a short remaining obligation. Permanent coverage is more common when the buy-sell is meant to last. We also look at larger premium and estate-planning cases — including when the death benefit is meant for estate liquidity rather than operations. The legal documents are not the policy. We work next to your attorney and CPA so the insured, the owner, and the beneficiary match the agreement. We do not draft the buy-sell ourselves.
Who this is for
What it typically covers
A simple example
Two partners each own 50%. They agree the survivor will buy the deceased’s shares. Policies on each life, owned as the agreement requires, are what produce the cash at the worst moment — instead of a conversation with the widow and the bank at the same time.
Good to know
Coverage, eligibility, premiums, and underwriting vary by age, health, state, and carrier. Illustrations are not guarantees. This is not tax, legal, or investment advice.
Guides
Guide
A cheap 20-year death benefit, a policy that lasts a lifetime, or a flexible UL/IUL design. Which job you are actually hiring.
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