Business Life Insurance
Thinking about business continuity?
A business is often tied closely to the people who run it. If something happens to an owner or key leader, the impact can be financial, operational, and emotional.
business life insurance helps create stability when the unexpected occurs.
- Provide cash flow during a difficult transition
- Protect the value of the business
- Reduce uncertainty for employees and partners
Have business partners?
Partnerships work best when expectations are clear—even in worst-case scenarios. Planning ahead helps avoid disputes and financial strain.
We often use buy-sell funding strategies supported by life insurance to help ensure smooth ownership transitions.
Relying on key people?
Some employees or leaders are critical to daily operations, revenue, or client relationships. Losing them unexpectedly can create real financial risk.
key person coverage helps protect the business while you regroup and plan next steps.
Balancing personal and business responsibilities?
For many owners, business finances and personal finances are closely connected. The right structure can help protect both.
We help coordinate personal and business life insurance so coverage works together, not in isolation.
Common Questions
Is business life insurance only for large companies?
No. Small businesses and closely held companies often have the most to lose if a key person passes away. Planning early can make coverage simpler and more affordable.
Who owns the policy—the business or the individual?
It depends on the goal. Policies can be owned by the business or personally, depending on how the coverage is being used. We help structure this correctly from the start.
How much coverage does a business actually need?
There’s no one-size-fits-all answer. We look at ownership structure, revenue, debt, and succession goals to help determine an appropriate amount.