Business Life Insurance & Succession

Business life insurance has two separate jobs. Key person coverage can give the company time to absorb the loss of someone essential, while buy-sell funding can supply the cash for an ownership transfer.

This hub keeps those jobs separate so the policy owner, beneficiary, coverage amount, and legal agreement can be reviewed together.

Most owners arrive here when a lender, attorney, or partner asks what happens to the company if one person does not come back tomorrow.

Common questions people have

These are the questions people usually ask before they decide.

The Agreement Makes The Promise. The Policy Brings The Cash. 5 min read
A buy-sell agreement defines the ownership transfer, while life insurance can supply liquidity when an insured owner dies.
The Key Person Is The One The Business Cannot Replace Quickly. 6 min read
Key person life insurance should cover the operating loss created while a business replaces someone essential, not reward a title.

If you want a second set of eyes, this is usually where I start.