Life insurance for business owners Archives • Gallant Life Insurance

Life insurance for business owners

Life insurance for business owners is structured around a specific need. Your lender may require it as collateral for an SBA loan. Your company can protect against the financial loss incurred with the death of key employees. You can fund a buy-sell agreement if a partner passes away.

How life insurance can help secure a business loan

Obtaining business funding can be a little challenging, especially for a startup or young company. Lenders usually require some type of collateral from the business owner(s). Life insurance is often part of that requirement. It’s used to protect the lender in the event of the borrower’s death. In this article, I’ll discuss how life insurance…

How to protect your business with life insurance

When most people think of life insurance they imagine someone who wants to provide for a loved one in the event of their death. At it’s most basic, life insurance is designed to pay out a death benefit to the insured person’s beneficiaries. That’s often a spouse, parent(s), children, a charity, or anyone the insured…

Get life insurance quickly for an SBA loan.

Are you in the process of buying a business and getting an SBA loan to fund the purchase? If so, your loan officer may have informed you that you need to secure life insurance as collateral.