Funding a Buy/Sell agreement with a Life Insurance Plans has long been the
preferred method of businesses and corporations. Simply put, the business or corporation
requires immediate liquidity to buy out a partner or shareholders interest at death.
These arrangements can be structured many ways depending on the individual situation;
Professional Assistance should always be sought prior to implementation.
The most valuable resource that a business has is its' people. The financial
loss to a business at the death or disability of a key employee/owner can be harmful if
not devastating to its continued success. Money is needed to provide a replacement for
this individual or for the financial loss, which will be suffered by the business. The use
of Life and Disability Plans provide the solution.
Loans & Creditor Protection - Should a business owner or shareholder die or become
disabled it is vital to make provisions for debts of the business or corporation. Often
the loss of a key person will dramatically effect the continued profitability, as well as,
the ability to obtain or maintain credit. Banks, lending institutions and suppliers might
be hesitant to continuing business with the company. The use of Life and Disability
Insurance Plans to avoid this occurrence is advisable.
LifeCanada.Com is intended as an information and resource site for Canadians.
Professional Assistance from qualified advisors is strongly recommended prior to
implementation of any plan or concept contained within the site.