I Never Expected My Business Partner to Die
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Even more inevitable than taxes, businesses can also face existential risks when a partner or employee essential to the operation passes away. Coming off a pandemic it has become abundantly clear why prudent planning for unwelcome events like death, incapacity or unexpected retirement are important.
Learn how insurance can help by understanding these established solutions.
- Cross purchase agreements
- Stock redemption agreements
- "Wait and See" agreements
- Key person insurance policies
- Section 162 bonus plans
Karen Tessman is an Agent for State Farm with a career built on understanding the needs of small business owners. As a business owner herself, and with decades of experience assessing risk as a lender and insurance specialist, Karen helps her clients avoid perils by listening and providing realistic options.