Financial Planning

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Business Life Insurance
Monday, 05 November 2018 13:42

What is Business Life Insurance?

Definition of business life insurance (noun)

1 : insurance on the life of a member of a partnership or upon an officer or stockholder in a corporation payable so as to finance purchase by surviving owners of the insured's interest after the insured dies

2 : insurance on the life of a sole proprietor payable so as to finance the purchase of the business by an outside interest at the owner's death

3 : insurance on the life of a key employee for the benefit of a business concern

Does your business have a need for Business Life Insurance?

For a free initial consultation, call (800) 680-5596, or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

Brent D. Gardner, CLU, ChFC

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