As a business owner, your business interest passes to your heirs when you die. Although your heirs inherit the business, they may not work in the business and may have no desire to do so. What happens to your business if you die?
A properly funded buy/sell agreement using life insurance may ensure that the family receives a fair price for the deceased's stock and that the surviving stockholders will be able to continue the business. Business life insurance on each owner may ensure that there is cash to pay for the deceased's share of the business.
What are the alternatives for your heirs and any other surviving owners?
Let a Sentry representative help you protect your business with buy/sell protection funded with life insurance. Click here to Find an Agent.