Protecting your business with life insurance

Description

Abstract: Many people know they need life insurance to provide their dependents with financial security should they die unexpectedly. They may be less familiar, however, with how life insurance can help protect their business. This article shows that, while a buy-sell agreement can be funded from a number of sources, life insurance offers several advantages. And a sidebar explains how a buy-sell agreement can provide for a smooth transition of ownership in case one owner dies or wishes to sell.