Advantages of Life Insurance

Income tax-free* death proceeds may provide funds to

•Repay loans and maintain credit •Replace lost profit •Provide a financial cushion •Hire and train replacement(s) •Help continue existing employees' faith in business •Help maintain vendor confidence •Helps protect remaining owners from potential forced sale of loss of control •Support survivors until business is sold •Help offset value lost due to key person's death

Businesses may utilize cash values of death proceeds for any valid purpose, such as borrowing future cash values or pledging them as collateral for business loans.** Key employees must agree to the life insurance application process, which may include taking a physical.