Business Succession
Planning an efficient and cost-effective way to fund a Buy/Sell Agreement and create immediate funding at the exact point in time it is needed.
KNOWLEDGE HUB
Resource Library
Where our experience becomes your valuable resource.
Solution Snapshot
The Right Product
Leverage company-paid life insurance to fund estate taxes for three business owners while identifying the product with the greatest potential ROI when considering premiums paid versus death benefit that will be received.
Client Guide
Business Planning Workbook
A comprehensive workbook to help business owners and their advisors conduct a review of their life insurance portfolio.
Advisor Guide
Insurance Discussion Prompts: Long-Term Planning
Insurance discussion prompts to begin a meaningful client conversation about long-term planning.
Candidates
Solutions are not one size fits all. For every planning technique, there are determining factors that illustrate whether the technique will fit the planning for an individual or business. Outlined below are ideal candidates who might benefit from exploring Business Succession solutions.
Wealth and Legacy Insights from our Team
Faqs
Frequently Asked Questions
Find answers to your questions about Heirmark's life insurance solutions, underwriting process, and advisory services.
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When day-to-day operations demand considerable attention, the task of planning for business succession can feel overwhelming and often gets postponed. However, implementing a business succession plan not only provides peace of mind but also solves problems before they exist. The sudden death of a business owner can significantly impact a business, especially if proper planning is not in place. The effect on employees and the other owners of the business can be devastating, along with a potentially significant financial impact on the business owner's family. Business succession planning using a Buy/Sell Agreement serves as a formal contract between business owners, detailing what will happen to each owner’s share of the business upon triggering events such as disability, retirement, or death. By initiating business succession planning and assembling an advisory team for guidance, you can allow others to structure a plan that aligns with not only your needs, but those of your business and your family.