Is Life Insurance on your....... "To Do List" ? Should the unthinkable happen, life insurance can protect your business--and your family. Business owners need insurance for income replacement and to protect the future of the company. If a partner, owner or key employee is suddenly gone, the business can deteriorate very quickly. With the right insurance in place, the surviving business partners will have enough capital to keep the business going while looking for a replacement for the deceased partner, or to buy out the heirs of the deceased partner. Things to consider when purchasing Life Insurance: Deciding whether a Term Policy or a Permanent Policy is best for you depends on your needs. You may decide both kinds of policies are appropriate. Your Business: Life insurance is also commonly used to buy out partners or shareholders in a buy/sell agreement if there's an unexpected death of an owner. Or if a partner personally guaranteed leases or loans for the business Your family: First, consider your family. Life insurance will protect younger families from loss of income or to maintain a certain level of lifestyle in the event of an untimely death. Older couples may use insurance as a way to transfer wealth or a legacy to younger generations. For more information on how to obtain your "No Obligation" Needs Analysis that is based off of your Financial Plan and Business Needs, please contact Latrease Bedolla via email- [email protected], Direct: 702-619-1475