CORPORATE INSURANCE

Many business owners don’t even know they have a problem – do you?

Understanding the issues can mean better financial health for you, your business and your family.

As a business owner, you’re concerned about the longterm success of your business. Profit and growth are among the most important business objectives. As your business grows, so do a number of potential problems. Often, these problems are recognized too late. Proper business planning will ensure your business continues to be successful.

• Corporate tax savings

• Estate planning

• Retirement savings

• Legacy plan

• Charitable tax benefits

• Group retirement plans

• Corporate financing agreements

• Segregated funds

• Private investment pools

• Group benefits

Buy-Sell Funding

If an owner or partner dies, becomes critically ill or becomes permanently disabled, what will happen to your business? If no planning has been done, owners can suddenly find themselves in business with the spouse or executors of the deceased owner, or with a permanently disabled owner who can no longer contribute to the business. The survival of your business could be at stake. To properly manage this, the owners should enter into a buy-sell agreement to ensure their interests are protected.

Key Person Coverage

Disasters come in all forms. In the business world, the loss of a key employee can translate into corporate red ink. The most important element of a successful business is its most valuable people. The loss of a valuable employee could seriously affect the position and public perception of your business. Your sales could drop, your cash flow could slow and your company’s position with creditors and banks could become strained. At the very least, a new person has to be recruited, trained and guided to replace the key employee. This takes time and money.

Capital Gains Tax

Disasters come in all forms. In the business world, the loss of a key employee can translate into corporate red ink. The most important element of a successful business is its most valuable people. The loss of a valuable employee could seriously affect the position and public perception of your business. Your sales could drop, your cash flow could slow and your company’s position with creditors and banks could become strained. At the very least, a new person has to be recruited, trained and guided to replace the key employee. This takes time and money.

WHAT ARE YOUR OPTIONS?

Creating an effective business plan means ensuring the financial health of you and your business and ensuring your family is looked after.

Consider your options:

• You can start saving today

• The needed funds can be borrowed from the bank • you can sell assets

• You can purchase insurance (life, disability, and/or critical illness) to provide the needed funds.

The Most Economical Solution

Life insurance can be the most cost-effective planning solution to fund these needs. It can provide tax-free cash exactly when it is needed. It guarantees that money will be available to fund the buy-sell agreement, cover key person replacement costs, pay off a debt or cover a large tax bill. What you get is peace of mind knowing these problems are taken care of.

Business Planning Pyramid