Business continuity and succession planning

Your business is like your baby. You’ve nurtured it, watched it grow, seen it through some hard times and took pride in its successes. As a business owner you understand that while “you” may be the business, the business does not have to end when you retire or if you or any of your key employees or associates become disabled or die prematurely.

How can insurance help?

You can minimize the disruption that the temporary or permanent loss of a key individual has on your company through key person insurance and/or buy sell agreements. Insurance solutions like these can be funded through a term or universal life (UL) insurance policy and should form part of your succession planning strategy.

We can help you put together a plan using term insurance or universal life insurance that will help ensure your business survives the death or disability of you or a key employee. Your advisor can also help you understand the need for self-funding for Living Benefits that can help offset losses associated with the disability of you or a key employee in the future.

Retirement/Estate Planning

Looking forward to your retirement? Dreading not going to work every day? Either way, as a business owner you have the choice. That’s one of the great things about being self-employed.

When, and even if, you retire is completely up to you. If you think you may want to one day retire, or if you feel that someday you may have to retire for health or other reasons, you’ll want to ensure that your loved ones are taken care of and that you’ve provided well for their future.

The Legacy Group can help you understand how universal life insurance can help you reach your retirement savings and estate planning goals. ​