Life insurance also may be left to the company to provide a financial cushion to the company in case of a lost of an active owner or key employee
Life insurance is also utilized to provide cash to equalize the inheritance of a family
Where only one of the children inherits the company
And finally to provide cash to pay federal estate taxes
So that the company doesn't have to be sold to pay the tax liability
The uses of life insurance is to keep business in business, families financially secure, and americans employee
A properly designed insurance program is essential to a financial plan as a strong foundation is to a home
Do it right and the future is secure.
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