Insure Your Business and Your Life
By: Chuck Seighman
State Farm® agent
Are you one of the nearly 16 million women who owns her own business? If so, you are well aware of the
need for insurance to protect your assets in case of a loss. However, businesses have other assets that
are just as important and should also be insured.
The most important asset to your business is you. The dream was yours from the beginning. You poured
your sweat, blood and probably a few tears into making your business a success. What would happen to
your dream if you were no longer around to keep it on track?
A life insurance policy can provide much needed capital to keep your business afloat in the event of your
untimely death. Your beneficiaries can use that money to make sure creditors are paid and supplies
continue to be delivered.
You could even use a life insurance policy to fund a buy/sell agreement that can assure there is a buyer for
your business. A buy-sell agreement obligates a surviving partner, key employee or possibly the business
itself to purchase your interest after your death. A qualified tax advisor should help you determine what is
right for you, while an attorney should draw up the agreement.
Owning a business is an important part of who you are. Your business may employ one or many persons,
providing wages and other benefits. A life insurance policy can help you to know your business will continue
to provide these things even if you are not there to run things.
Talk to your life insurance agent and see what options are available. You owe it to yourself and those you
have hired.
By: Chuck Seighman
State Farm® agent
Are you one of the nearly 16 million women who owns her own business? If so, you are well aware of the
need for insurance to protect your assets in case of a loss. However, businesses have other assets that
are just as important and should also be insured.
The most important asset to your business is you. The dream was yours from the beginning. You poured
your sweat, blood and probably a few tears into making your business a success. What would happen to
your dream if you were no longer around to keep it on track?
A life insurance policy can provide much needed capital to keep your business afloat in the event of your
untimely death. Your beneficiaries can use that money to make sure creditors are paid and supplies
continue to be delivered.
You could even use a life insurance policy to fund a buy/sell agreement that can assure there is a buyer for
your business. A buy-sell agreement obligates a surviving partner, key employee or possibly the business
itself to purchase your interest after your death. A qualified tax advisor should help you determine what is
right for you, while an attorney should draw up the agreement.
Owning a business is an important part of who you are. Your business may employ one or many persons,
providing wages and other benefits. A life insurance policy can help you to know your business will continue
to provide these things even if you are not there to run things.
Talk to your life insurance agent and see what options are available. You owe it to yourself and those you
have hired.