Business Life Insurance

Business life insurance is an investment in the future and a safeguard against unpredictable events that can severely impact the health of your business.

Houghton Financial Partners can assist you in taking the necessary steps to protect your business from an unforeseen event. If something happens to you, as the business owner, or to a key executive – what will that mean for your business? Will the company (and the jobs it provides) be able to continue?

A business life insurance plan can help protect your company by providing a necessary income stream during a time of crisis. Two types of Business Life Insurance that Houghton offers are a Key Man policy and a Buy-Sell funding agreement.

Key Man Insurance

A Key Man Insurance Policy insures key people in your business – the owner, the CEO, or other top performers who are critical to your success. 

Having a Key Man policy in place assures that customers, employees, creditors, and surviving owners can continue operations. 

The death benefit for such a policy can provide necessary funds needed to locate, recruit, hire, and train a replacement, or help offset lost sales and profits.

Buy-Sell Funding

Buy-Sell Funding

A Buy-Sell funding agreement can provide an assured market for the sale of the corporation’s shares if the shareholder retires, becomes disabled, or dies. 

Provisions of such a plan can also prevent transfer to individuals who are not compatible with the present shareholders, and assurance that persons who are no longer active in the business cannot continue as shareholders.

Individuals

Qualified Plans

Qualified Plans

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Employees

Non-Qualified Plans

Non-Qualified Plans

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Insurance

Insurance Options

Insurance Options

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Top Performers

Wealth Planning

Wealth Planning

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To learn more about Houghton Financial’s services, call today to schedule a consultation.

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