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Life Insurance for Business Owners

As an owner, your life insurance may need to do two jobs: protect your family and protect the business. Key-person coverage and funded buy-sell agreements help a company stay stable through a difficult transition.

What this often looks like

  • A business that depends on you or a key employee
  • Partners who want a clear, funded plan for succession
  • A family whose finances are tied to the business

Worth thinking about

Separate the business and personal needs

You may want personal coverage for your family and business-owned coverage for continuity — they solve different problems.

Fund the buy-sell

A buy-sell agreement, drafted with your attorney, can be funded with life insurance so owners and families have a clear path.

Get the structure right

Ownership and tax treatment matter; coordinate with your attorney and tax professional.

Where people often start

Frequently asked questions

Who owns key-person coverage?

The business typically owns the policy, pays the premiums, and is the beneficiary. The insured is the key owner or employee.

Do I need an attorney?

For a buy-sell agreement, yes — it should be drafted with your attorney. We coordinate the insurance that funds it, and you should consult a tax professional.

Let's talk about your situation

Every family and business is different. Tell us what you're navigating and we'll help you understand the options that may fit.

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