Most business owners realize they have insurance needs beyond liability and commercial auto insurance but some have never had a comprehensive Financial Plan to determine just how much insurance they need after considering all risk, assets, investments as well as business and family needs.
Some business owners fail to take the time to prepare for the sale of their business until it's too late. A well prepared Insurance and sale agreement can provide a way to sell or provide cash to care for your loved ones at the time of your death.
There are so many considerations that it requires experienced insurance professionals to evaluate your unique situation and make recommendations.
LPL Advanced Insurance Consulting Team is available to develop and implement tax mitigation insurance strategies for business owners and affluent families. With extensive advanced planning, tax and legal expertise, the AIC Team is available to work with LPL Advisors and your financial professionals to assist on complex matters.
Don't hesitate to call David De La Rosa for a complimentary Appointment
831-427-3040 or Email: David.DeLaRosa@LPL.Com
"Business insurance" describes the use of life insurance and disability income insurance to address certain financial needs of businesses and business owners, such as:
protecting the business against economic loss when a key employee dies, disposing of a business owner's interest upon death or other separation from the business,
attracting and retaining valuable employees, and rewarding faithful employees.
The Business Insurance section covers a number of business insurance topics. You can learn about:
forms of business organization—sole proprietorships, partnerships, corporations, and limited liability companies financial statements
employer-owned life insurance
key employee life insurance
buy-sell agreements (entity, cross-purchase, and wait-and-see)
Section 303 stock redemptions
disability buy-out agreements
executive bonus arrangements (Section 162)
split-dollar arrangements funded with life insurance
nonqualified deferred compensation arrangements
group-term life and group carve-out
cafeteria plans (Section 125)
salary continuation (sick pay) plans, and
business overhead expense protection can be funded with disability income insurance
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.