Every successful business will reach this cross road in the natural evolution of a business’s life. Whether it’s caused by the retirement, death, or disability of the business owner. In order for a business to continue and the family to receive the full value of the business, a properly worded and funded succession plan is
needed. We can with the help of our legal contacts create and fund a plan to protect the value of the business and insure its future continuation.
Succession planning affects everyone that has an interest in the business – business partners, family members and key employees. It is critical you have a meaningful discussion about the often overlooked issues, such as who the ideal successor should be, what is the value of the business and what is the timetable for the transition. Regardless of the event, either expected or unexpected Barlow Insurance Group can help you develop a succession plan to ensure a smooth
transition according to your vision for the future of the business.
Disability Income Insurance
A disability buy-sell policy is an excellent way to ensure the orderly transfer to a business partner in the event of a long term disability.
Business succession planning using life insurance can help ensure that your business is protected.