Offerings For Business Owners
A buy-sell agreement is used to reallocate portion of the business when an owner dies, or leaves a business. Funding a buy/sell agreement with a life insurance policy will give you confidence that your business and family will be taken care if you or your partner becomes disabled or dies.
Key Person Insurance
Certain employees make such an impact that your company wouldn’t be the same without them-- or maybe not function at all. The purchase of a “key” person life insurance policy will give the company a hedge against any loss resulting from the death and disability of the key person and maintains your company can continue to operate smoothly while you search for a replacement.
The operational demands of running a family business can be all-consuming, but it’s vital that those in charge take the time needed to assess it’s succession planning. Vest takes a holistic approach and asks you the right questions to make certain your business remains in good hands and continues to provide for your family, your partners, and your employees.
For your Employees
Business Policy Monitoring
As businesses grow and evolve, the initial risk management plans may no longer be relevant. Buy-sell agreements can become obsolete if they aren’t updated with any major changes in ownership or growth. Also your human capital risks need to be re-evaluated regularly with the promotion of new key employees. We know running your business is a 24/7 effort. As with all Vest plans, our Policy Monitor will maintain oversight of your business needs, providing alerts for key payment due dates, beneficiary status, carrier health, and overall plan optimization.