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Business
Planning Using Life Insurance
Click
here to request your Business Planning Using Life Insurance Toolkit
For
many business owners, the business is often the major source of
family income; a personal investment vehicle; and a major portion
of the owner’s estate. Without proper planning, financial
hardships may result for the family of a departing, disabled or
deceased owner and for their surviving co-owners.
A LIMRA report, U.S. Small Business in 2000, indicated that only
58% of small businesses had formal written continuation plans.
And based on demographics, it is estimated that leadership of
39% of all family businesses will change hands in the next five
years, according to a 2003 survey conducted by Mass Mutual.
That is where financial professionals such as yourself—and
the valuable products and services you can provide, including
life insurance—come in to play. A carefully constructed
business continuation plan can help your clients create a rock-solid
foundation upon which to build the future of their businesses
… and help protect the people who depend on those businesses.
The
Business Planning Using Life Insurance toolkit contains a wealth
of useful information including
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