There are many situations where life insurance can provide for the needs of a business following an individual’s death. The funding needs covered include the following:
Business loan protection involves the use of life insurance to create immediate working capital for a business to repay business debts in the event of the death of a business owner or other key executives.
There are many instances where insurance meets a need in the business context. Life insurance can play a vital role in the planning process to ensure funds reach the hands of intended parties to complete a business transaction, provide risk protection, or to fulfil another funding need.