Business life insurance

If you're in business, on your own or with a partner, you have unique life insurance needs that depend on the stage of your business' growth and your long-term goals for you, your family and your business.

Because you own a business, the majority of your wealth is likely tied up in it. You want to protect what you've built against unforeseen circumstances such as death or disability; you want to ensure you have liquidity when you need it so you can achieve your goals.

• Covering a major commitment such as a mortgage or business loan
• Retaining key employees and attracting new employees
• Ensuring you have the funds to buy a partner's interest at death or retirement
• Supplementing retirement income for you and your spouse tax effectively
• Ensuring your spouse's lifestyle is protected
• Ensuring taxes owing on your estate are paid, leaving your assets intact for your heirs

• You can use a permanent life insurance policy to help ensure your business survives your death or the death of a partner or key employee.
• Permanent life insurance puts your premiums to work for you by also providing a cash value that you can use to help meet future financial needs or opportunities over your lifetime.
• Some permanent life insurance policies have cash values that may accumulate over time. They can help finance a business opportunity, buy out a partner's interest when they retire or give your business the ability to grow and change.
• A permanent life insurance policy is an ideal way to accumulate tax-advantaged savings while you're alive and helps you leave a meaningful gift, outside of your estate, to your heirs or favorite charity.
• Proceeds from a permanent life insurance policy can provide your heirs or estate with the liquidity needed to pay final taxes, capital gains and settlement costs so that you can preserve as much of your estate as possible to pass on to your heirs.
• Term life insurance can save you money by providing more coverage for lower premiums and offering you the flexibility to convert to permanent life insurance.

Contact Brash Financial Today to book a no obligation review.