Life Insurance Strategies to Consider When Owning a Family Business

Life Insurance Strategies to Consider When Owning a Family Business

For small business owners, life insurance can provide many benefits, such as the typical motivating factor for any potential policyholder: providing enough money for the family if the primary breadwinner dies.

Just because you own a business doesn’t mean it’s worth a lot of money at any given time. Even if this is the case, this value is often not very liquid and can only be realized by selling the business. Therefore, the surviving family members would depend exclusively on the cash flow generated by the business.


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