Business Life Insurance
Small business owners work hard to establish their business and achieve success. However, there may be planning issues that need to be addressed to be sure success continues. Some of these issues may be:
Business Continuation
What will happen to your business at your death? Will your heirs need to sell the business to obtain cash to pay estate taxes and liabilities? Will your heirs and surviving owners work together harmoniously?
Key Employees
Employees are an integral part of a business' success. As a result, you should ask yourself: Could your business continue to be as profitable in the event of the unexpected death of a key employee?
Employee Benefits
A major problem facing many businesses today is attracting and retaining top-caliber employees. As a small business owner, you are aware of the importance of employee benefits and their contribution to your business success. Whether it's using a qualified retirement plan or group life insurance, State Farm can help.
Key Employee Incentives
Fringe benefits, such as Split Dollar, Executive Bonus, and Deferred Compensation allow an employer to select the employees it wishes to participate and vary the benefits among them. The plans do not have to meet IRS requirements, and there are no IRS mandatory distribution requirements.
A State Farm agent can help you choose a life insurance program to meet your business needs.
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Issued by:
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
Bloomington, IL
State Farm Life and Accident Assurance Company
(Licensed in New York and Wisconsin)
Home Office, Bloomington, Illinois
IL - 36.1
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