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Business Owner Life Insurance

Why do you need life insurance for business owners?

Life insurance may provide funds for businesses to:        Continue the business at the death of an owner: –Pay off business loans –Provide funds to recruit and train new management –Provide funds to hire consultants to replace lost talent –Purchase the deceased partner's interest from his/her family Offer important employee benefits: –Provide a vehicle for key employees to defer income on a tax-advantaged basis. In addition to the business needs, the business owner has personal needs for life insurance to: –Provide financial security for the family –Estate preservation