While many people know that protecting loved ones with life insurance is essential, this type of coverage is also crucial for those who own or run a business. This is especially the case for companies that would not survive upon the sudden or unexpected loss of certain individuals.
When conducting planning for a small business, it is important for the company owners or partners to include life insurance as a part of their overall financial strategy. This is because life insurance can play an essential role in the financial strength and stability of the business. For example, having life insurance protection can help keep a business running upon the unexpected loss of a partner, owner, or even a key executive.Continue Reading