Life insurance primarily provides a death benefit to beneficiaries when the insured dies, subject to policy terms.

Depending on the need and policy design, it may also support family, estate or business protection.

The right coverage depends on your goals, budget, health and ability to maintain premiums.

What It Can Do

• Replace lost income
• Provide a death benefit that is generally income-tax free, subject to exceptions
• Create liquidity for estates
• Support business continuity

For Business Owners

Life insurance can:

• Fund buy-sell agreements
• Protect against key person loss
• Stabilize operations during transitions

Final Thought

Life insurance has premium costs and may have additional charges, exclusions and limitations. It does not fit every situation. Review tax and legal questions with qualified professionals.

Explore your options

Continue with life insurance options, estate liquidity planning, buy-sell funding. For insurance questions, contact Anil Khanchandani, CLTC®. Consult qualified legal, tax or investment professionals for advice in those areas.