You can prepare for the problems that can come with a change in ownership by using these techniques:

  • Buy-Sell agreements
    This is the most common business continuation tool. Life insurance funds the agreement, which establishes the value of your business and assures a ready market for your share in the business after you're gone.
  • Key Employee Life Insurance
    Provides you with the funds you need to keep your business running smoothly when you lose a key employee.
  • Personal estate planning
    Carefully incorporating your business needs into a total estate plan can help you meet estate tax and liquidity needs to preserve the full value of your business for your family and associates.* 

The Art and Science of Business Continuation can help ensure the ongoing success of your business.

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.

This material may contain a general analysis of federal tax issues. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to their specific circumstances. 

Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.