Most small business owners must personally guarantee the mortgage on their land and building. This means that if you, the business owner, should die, the lender may claim both your business and the building; and can claim your personal assets that are not exempt. Also, if you die, the income from the business that helps to support your family could stop. If you die, would your family have the cash to cover your business debts and mortgage and have enough sufficient income on which to live?
A strategically prepared business life insurance policy may ensure continued family income and provide the funds to pay your business debts, while supporting your business through the initial months of your absence.
Let a Sentry sales representative help you protect your business with business debt and family income protection funded with life insurance. Click here to Find an Agent.
Individual life insurance, group and individual annuities and group products are issued and administered by Sentry Life Insurance Company, Stevens Point, WI. In New York, individual life insurance, group and individual annuities and group products are issued and administered by Sentry Life Insurance Company of New York, Syracuse, NY. Policies, coverages, benefits and discounts are not available in all states. See policy for complete coverage details. In New York coverage provided through policy form numbers: Life Insurance, 585-3000-01, 390-1000 (SLONY), 390-2003-SLONY; Disability, 685-9000-31; Dental, 785-7000; Group Annuity, 840-300(NY); Individual Annuity, 380-440.
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