Why do I need life insurance for my business?
Death is something that no one wants to think about, but we all have to plan for when the inevitable occurs. Getting life insurance to protect your personal assets is a good head start, but what about your business?
No matter if your business is big or small, you are the key asset to bring your business forward. If you were to be removed from the growth equation, your business could very easily fall out of balance. Your spouse might not be fit enough to manage your business, and a sale of the company might go for significantly less than what your business is worth. You need life insurance for your business, and Markham Group is here to help.
For over 30 years, Markham Group has provided life insurance for business policies. We shop the top life insurance carriers, such as Ohio National and Penn Mutual, to find you the proper coverage for you, your family, and your business. We are trusted members of the New England community here to help you with your insurance needs.
Secure your company’s future with life insurance for business
Life Insurance for business is a specially-designed life insurance policy that uniquely covers your company’s need in the event of your passing. This coverage includes:
- Buy/sell agreements for business partners
- Business succession planning
- Key person life Insurance
- Individual life insurance for sole proprietors
If you already have life insurance that protects your family, life insurance for business will do similar things to protect the company that you built. These functions could include:
- Providing cash value loans to help manage cash flow issues in your business
- Attract, retain, and reward new and current employees
- Reduce income and state taxes that would come out of company profits
- Ensure a smooth transition upon your departure.
Your company’s future should have the security that it deserves, allowing it to grow even if the business owner passes on. Contact Markham Group to get started by calling 800-971-0800 or fill out or online form to get a free quote!
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