- Debt Liquidation—Life insurance proceeds can provide your family with the cash necessary to help pay off any outstanding business loans upon your death
- Business Continuation—Life insurance can be used to fund a Buy-Sell Agreement between business partners, providing the money to buyout a decedent’s business interest
- Key Employees—Life insurance can help protect your company against the loss of a key employee by providing cash to hire and train a replacement and make up for lost business during the transition
- Executive Bonus—Life insurance can fund an executive bonus plan that can help you recruit and retain your best and brightest employees with premiums that are generally tax deductible. And it’s easy to implement and administer.
Life insurance issued by Transamerica Life Insurance Company, Cedar Rapids, IA, or Transamerica Financial Life Insurance Company, Harrison, NY