Are you a business owner? If you’re like me, you’re hyper focused on executing in the short term. Meeting your clients needs, delivering ahead of schedule, following up with your suppliers, keeping your pipeline with new clients, staying on top of your paperwork, managing your employees….it can be very overwhelming. What many don’t often have the chance to think about is how insurance can help to support your long term needs. This is where I can be of help. Some products that businesses use to their advantage:
Key employee Insurance – helps your business recover from the loss or disability of someone who is critical to your company.
Buy/Sell Agreement funded by insurance – for companies that have more than one family involved, a Buy/Sell agreement will allow the company to transfer ownership to the other partners should one pass away. Insurance is an effective tool, funded by the company, to help pay for the agreement, should it be required.
Estate planning – insurance policies can be used in a business to help transfer your wealth out of the business through the Capital Dividend Account
IFA – Immediate Financing Arrangement – where your company is able to borrow money secured by the policy in the business, and the proceeds from the benefit will ultimately be used to pay back the loan with the balance being passed on to future generations through proper tax planning.
Tax planning and investment
My role is to help you understand the many options available to you based upon the state of your business. I can make it easy for you to find the right solutions for maintaining your wealth while you focus on growing your business.
