Ways to protect you and your business

Businesses buy insurance for a number of reasons. In the case of businesses, these needs may include:

• Funding a future capital gains tax on the shares of the corporation at death of the owner
• Funding a buy-sell agreement at the death of one of the
  co-owners of the business
• Key person coverage
• Long-term debt retirement coverage in the event of the death of an owner/key person

Another important reason for purchasing this type of insurance may be to build a pool of tax exempt capital to:

• Finance a living buyout of shares by a co-owner
• Provide a supplemental retirement income to the business owner
  

Your Freedom 55 Financial security advisor can help you decide which is the right fit for you.