Term Life

Will Your Business Survive Your Disability, Retirement, or Death? 
The healthiest, youngest, most energetic business owner will at some moment in time either sell his or her business or while owning the business become disabled, retire, or die.
Help protect the survival of your business, for peace of mind today.

What to Consider
Will your business continue to thrive in your absence?
Are there family members, other owners, or key employees who could continue to successfully run the business without your guidance?
Will your family be taken care of financially without your business continuing?
Most small businesses fail to survive beyond the first generation. One reason is the failure to plan for the disposition of the business at an owner’s death, disability, retirement or withdrawal.
As an owner of a closely held business, only three choices exist for the disposition of your business interest:
Sell to co-owners, family members, or outside third parties,
Liquidate the business, or
Retain the business within the family.

This decision-making process may be a difficult one. You have great investments in your business: physical, financial, and emotional investments. Any success the business has experienced came as a result of hard work, perseverance, and an ability to take risks.
These are the traits that will enable your business to continue operating successfully until the inconceivable happens. Then, the effort you have put into your business continuation planning will determine its future.

Selling the Business
Where the appropriate plan of action would be to sell the business interest if you should withdraw, retire, become disabled, or die prematurely, establishing a formal plan for the sale of your business may be one of the most important actions you ever take with respect to your business. A funded buy-sell agreement is the first step in establishing a plan.
Procrastination can be costly. Failing to effectuate a plan could jeopardize the business’s continued success.