Many people spend years building a business and making plans for their succession, but don’t make plans to finance that succession. Life insurance plays a very important part in a good financial succession plan. When the head of a small business or individual senior partners are insured, a small business can weather the death of an owner or partner and ensures the succession plans follows what was intended by the owner.
It is important to get advice on the role of life insurance and succession planning for your small business from someone who knows. EFG advisors can give you the information you need and work with you to ensure your the energy, time and money that you’ve put into your business carries on for years after you’re gone. Call us today.