Reasons for buying business life insurance:
Key person coverage- replaces loss of that person’s profitability.
Funding a buy-sell agreement-
Indexed Universal Life-
With an indexed universal life policy, you get equity building values that can supplement your retirement with tax-deferred growth and possible income tax-free loan withdrawals. Death benefits are income tax-free and no limit of years coverage.
Term insurance- also has lower level premiums and level coverage, but lacking in equity-building and has a limited time of coverage (10-30 years).
Contact David Stuto today for more information.
Funding a buy-sell agreement-
Indexed Universal Life-
With an indexed universal life policy, you get equity building values that can supplement your retirement with tax-deferred growth and possible income tax-free loan withdrawals. Death benefits are income tax-free and no limit of years coverage.
Term insurance- also has lower level premiums and level coverage, but lacking in equity-building and has a limited time of coverage (10-30 years).
Contact David Stuto today for more information.
