by Thomas F. Commito, J.D., LL.M., CLU®, ChFC®
Planning strategies featuring life insurance not only protect an owner’s business investment but also provide the owner with a source of supplemental retirement income. Life insurance can be used to create powerful employee recruitment and retention incentives. It is frequently used to facilitate business continuity by funding buy-sell agreements, equalize estates for family wealth transfer, and provide funds to pay estate taxes. With appropriate income tax structuring, a business owner may use business assets to provide valuable fringe benefits to the business owner and key employees.
This white paper from Lincoln Financial provides insight into these essential business strategies: business succession planning, protecting against the death of a key executive or owner, and executive benefit planning using life insurance for the owner and key executives. You’ll find detailed information to assist you in helping your business owner clients achieve their goals.