SUCCESSION PLANNING: Odds are you don’t have one

December 19, 2022

2 minute read –  71% of small business owners surveyed said they have thought about who would run their business in their absence, but only 35% of all surveyed had a business continuation plan (1).

Many business owners don’t have formal plans to transfer their business to a successor in the event of retirement, disability or death.  A business may fail due to confusion and lack of a clear plan after such an event.

Not to worry, we’re here to help business owners create a continuation plan using life insurance policies (the funding tool).

Life Insurance: What we provide

  • Establish a guaranteed buyer at the time of the triggering event
  • Sets a price for the business when the business owner is less vulnerable and ensures the business will be sold at a fair market value
  • The surviving business owner(s) won’t have to run their business with the deceased person’s family members (if they choose not to)
  • Provides liquidity, when the family needs it most, to fund the sale of the business to surviving partner(s) due to death and or long-term disability.

We will help you prepare business valuations, leading to designing the proper life insurance illustrations and related concepts.

This is a team approach, we handle the all important life insurance and corporate disability insurance discovery-discussion with you, develop that just right concept to plan implementation. Often coordinating conversations with other vital advisors on your team.

#BusinessSuccession planning and funding.

Contact: [email protected] 


(1.), New Tax Laws Open the Door for Business Insurance Discussion, April 2011. Survey was based on 874 small businesses with 100 employees or less.