Business Owner Insurance Solutions

As a business owner, you essentially have TWO families to take care of: 1) your family at home (spouse, children, relatives, partner, etc.) and 2) your work family (employees, business partners, etc.)  These people rely on you to be present, engaged, and earning income.  With September being Life Insurance Awareness Month, it is a great time to review your business insurance strategy and see if you can implement any of the ideas below:

• Individual Life Insurance
  1. A policy that covers one person and pays out a claim upon death
     1. Affordable coverage available in a variety of policy types
     2. Ideal for entrepreneur with no staff, but is a contributing income at home

• Disability Insurance
  1. A policy that covers one person and pays out a claim upon a qualifying disability that removes a person from their normal working capacity
     1. Affordable coverage available in a variety of policy types
     2. Ideal for protecting an income stream for business owners or employees

• Buy-Sell Agreements
  1. A legal contract among owners to buy out the portion of the deceased’s business share.
     1. Life insurance can be used to “fund” these types of contracts!
     2. Secure a life insurance policy naming the business partner as beneficiary for built in purchasing power to retain the business

• Key Person Insurance
  1. Life or disability insurance purchased by a business on an employee that is payable to the business.
     1. This ensures business revenues continue even if a pivotal team member is no longer able to function in their usual capacity due to death or disability
     2. Revenues keep business operational even in time of crisis

Your livelihood depends on income and sustained business.  You’d be surprised at the creative solutions our team can develop for business owners like YOU!  We’re ready to help you implement smart insurance strategies.

Contact Gateway Insurance Group at: 858-428-3929 or www.gatewayig.com/nexthome

To learn more, read the brochure, “Taking care of Business” by the nonprofit agency, Life Happens:

https://lifehappens.org/wp-content/uploads/2015/03/Brochure_TakingCareofBusiness_2014_Consumer.pdf

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a brokerdealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Gateway Financial Advisors, Inc., and Cambridge Investment Research, Inc. are not affiliated. The information in this email is confidential and is intended solely for the addressee. If you are not the intended addressee and have received this email in error, please reply to the sender to inform them of this fact. We cannot accept trade orders through email. Important letters, email, or fax messages should be confirmed by calling 1-858-GATEWAY  . This email service may not be monitored every day, or after normal business hours.