|Businesses purchase life insurance on key employees to guard against the costs of replacing that person and the business production they represent should they pass away unexpectedly. These businesses typically purchase term life insurance policies to keep expenses low. Unfortunately those low expenses up front might cost them opportunities in the future.
There are several reasons your business owner clients should consider permanent cash value life insurance instead.
Most agents and advisors NEVER mention these situations to their clients. You can be the first to bring these business enhancing ideas to your clients.