Every Business Owner has a Business Continuation Plan!
If you don’t have a formalized plan, the chances are the “continuation” part is in jeopardy.
Life Insurance is the most efficient way to fund a business buyout. In addition, the cash values offer some asset protection from creditors in most states. The cash values may be used on a tax-favorable basis to provide cash flow, and the policy can serve as collateral for loans if needed. You can optimize your plan with life insurance.
Would you like to know what your business is worth? Contact a Security Mutual agent and ask about a business valuation.
As an owner of a family business, are you concerned about what will happen when you step away from the business? Is there a plan in place, documented and funded, that will help preserve family harmony? Without a plan, the risk to your business’s survival is matched only by the risk to your family’s relationships. Learn how to increase your business’s chances for survival. Please take a few minutes to review this video that tells one family’s story.