Business Protection / Key Person
Protecting the business from the financial impact losing a key employee, and the expense of replacing them, is often a business owner's highest benefit planning priority.
Business Protection / Key Person |
One of the first things a business owner needs to consider is how to protect their business against events that can pose an immediate threat to the security of the business and as a consequence, their family.
Life Insurance The worst case scenario a small business faces is the death of an owner. Often small business owners have loans or lines of credit they have personally secured. If there is not a plan to transfer ownership of the business, is there sufficient reserves and cash flow to carry things until arrangements can be made? If the family had to liquidate the business quickly, without a proprietor or partner providing management continuity, it is likely they would have to sell at a significant discount. Individual life insurance can protect your family by providing funds to cover debts, generate interim cash flow for the business to protect the value until future plans can be implemented, and to replace income to the family for living expenses. |
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Contact UsNash Financial Partners, Inc.
P.O. Box 310878 New Braunfels, TX 78131 (830) 626-8509 Click Here to Email Us |
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