Business Use Life Insurance

Selling or Restructuring Your Business? Let's discuss your Business Life Insurance  

Selling a business is a complex process with many moving parts. One often-overlooked detail during this transition is the fate of the company's Insurance policies.

As you know, these policies provide valuable protection for the business in certain events like:

• Changes in Responsibilities
• Proximity to Retirement
• Business Diversification
• Selling / Closing the business

By taking proactive steps and getting a free, no-obligation policy review, you can ensure you're making the most informed decisions regarding 

• Key Person Coverage
• Buy - Sell agreements | Entity Plans | Cross - Purchase Plans | Stock Redemption Plan
• Executive Bonus Plans
• Deferred Compensation Plans 

Not only can this optimize your business strategy, but it also allows you to explore options like life settlements.

Exploring Alternatives: If selling the business is on the horizon, you might consider this alternative to simply canceling the policy.

• Life Settlements: Unlock immediate cash. You can sell the policy to a third-party investor for a lump sum, potentially exceeding the cash surrender value.

The Roots of Life Settlements:

delve into a landmark 1911 Supreme Court decision, Grigsby vs Russell. This ruling affirmed the right of policyholders to sell their life insurance policies to third parties, birthing the concept of life settlements. Over the years, this alternative asset class remained discreet, known primarily through private transactions.