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Business Continuation Planning |
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To
preserve the future of your business, we assemble a team to work
with you, your partners, your estate planners or we can provide
you names of several business estate planners we have worked with
in the past, to develop a comprehensive business continuation plan
for your business.
Our plans often include a "buy-sell" agreement. A
buy-sell agreement, funded by life insurance and written while the
owners are alive, ensures that your heirs can sell their share of
the business to surviving owners - and that the surviving owners
can buy their share. Each owner also agrees not to sell their
interests without first offering it to the remaining owners at an
agreed-upon price or formula.
Consider
the following options for your business:
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Partnership
Life Insurance Farmers
Partnership Life Insurance is designed to help your business
survive the loss of a partner. To preserve the business, many
partnerships have a buy-sell agreement, which fixes both the price
and terms of the sale in the event a surviving partner buys out a
deceased partner's interest. Life insurance can provide the
necessary funds no matter when the partner's death occurs.
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Sole
Proprietorship Life Insurance
You
may want to transfer your business to a successor, in which case
life insurance purchased by your heirs can provide funds to pay
estate taxes and help sustain the business during the initial
period of new management. Or, if your employees are interested in
carrying on your business, a buy-sell agreement can be funded with
life insurance to assure that your family will receive the optimum
value for the business. |
So call us
today, and to begin planning your success strategy! |
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