The death or long-term disability of a business owner may lead to internal turmoil, customer erosion and disruption in revenue flow. Many owners’ net worth is tied up in their businesses and while dealing with the day-to-day rigors of growth, they don’t think about disruptive events. Life insurance can help mitigate some of the risks involved with business ownership.
We can structure a plan in various ways to help accomplish your goals. Whether it is a cross-purchase plan, where each partner owns insurance on each other, to an Entity purchase plan where the business owns the insurance.
We typically include a buy/sell agreement to ensure that your business remains in capable hands should the need arise.
Some of the benefits of life insurance and buy/sell agreements for businesses are as follows:
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.