Your death could also mean the death of your business. Customers and clients could be at a loss for services. Competitors could take advantage of a weakened business position. Your estate could be in turmoil because of debts and tax liabilities. Your heirs might have to settle for below market prices.
Flexibility can create opportunities for a key employee to buy the business through life insurance.
You also could leave your business to a family member. An AAL representative can help you Contact your local AAL representative to find out how a buy-sell agreement funded with insurance could help your business. Four sound reasons for a buy-sell agreement . Why most businesses need life insurance to fund a buy-sell agreement. Why a corporation needs a buy-sell agreement.