Business Succession Planning
We’ll help you plan ahead for business succession planning.
Small business owners tend to be so consumed by the day-to-day tasks and responsibilities of running their business that creating a business succession plan isn’t even on their radar. But it should be. A well-crafted succession plan centered around life insurance offers a number of benefits to owners and partners, including:
- Setting an agreed-upon price for a partner’s share of the business, eliminating the need to determine the value upon their death.
- Having immediate access to assets to cover the deceased’s share of the business, eliminating cash flow problems or the need to liquidate assets.
- Achieving more timely settlement of the deceased’s estate.
Call 800-241-1749 to get connected with your First Midwest Financial Consultant to structure a business succession plan that will help facilitate a seamless transition.Meet a Consultant