Business Loan Protection

As a small business owner you may have difficulty securing the debt financing needed to build your business. Often, creditors will require the business owner to personally guarantee a loan. Personally guaranteeing the business debts may create a personal liability for you, the owner, or your estate if the business is unable to pay.

The better solution, particularly in the case of a small business where the sustainability of the business is so dependent on the business owner's ongoing ability to work, is to purchase business owned life insurance on the life of the owner and(or) other key executives to pay down the business debt should death catastrophically occur.

A creditor may in fact demand evidence that insurance coverage is in place as collateral to protect the creditor’s interests.

We will work with you to develop insurance solutions that will eliminate this business and personal risk.

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