You want to preserve your hard-earned estate and pass what you've worked for to your family. The life insurance benefit will generally pass income tax free and can be used to pay unexpected estate taxes, which could be particularly important if your estate includes assets that may not convert easily into cash, such as property or a family business. Life insurance can help you keep your estate intact for your family. Protecting the future of your business. Even a thriving business might not survive the loss of a key owner or partner.
Life insurance can be an advantageous way to give partners and family members peace of mind.
It can be one of the smartest business decisions you make. There are many types of life insurance. Some offer temporary protection and others are permanent plans that build cash value. One of the primary reasons people select term life insurance is that it provides the maximum amount of coverage for the lowest cost. Term life insurance provides protection for a specific period, or term.