An important part of preparing your business for continued success is to prepare it for the unexpected. Through a life-licensed Investment Advisor you will have access to a wide array of business protection strategies:

Executive life insurance
Business succession planning
Key person insurance

Executive life insurance planning - helping you retain the best and the brightest

Executive life insurance enables you to provide managers and executives with a supplementary benefit package. In this instance, both you and your executive purchase a life insurance policy with your executive named as the insured. Both of you will split the benefits. This form of insurance provides protection for an executive's family, while you benefit from an investment offering tax-deferred growth.

Business succession planning

A business succession plan can help protect your business when a shareholder retires or passes away. Elements of a successful business succession plan include buy-sell agreements, a Will and powers of attorney.

A buy-sell provision is a shareholder agreement that allows for the orderly transfer of shares in the event of disability, death or retirement. Upon the death of a shareholder, the buy-sell agreement instructs the corporation to purchase the shares of the deceased. Insurance is a cost-effective way of providing the necessary funds to purchase the shares in the event of your shareholder's passing.

Key person insurance

Many companies, public or private, large or small, often rely on the skills and contributions of a single person. Proficient with all levels of the firm's operations, respected by staff and trusted by clients, such key individuals play a crucial role in the company's success. The sudden departure of a key person can create a void, difficult, if not near impossible and costly, to fill. Taking out life insurance on the key person, or people, in your organization can help mitigate these costs.

To learn more about wealth protection strategies, please contact an Investment Advisor or ask a life-licensed Investment Advisor to contact you.