Behind the Success of Every Business, There are Great People
You and your key employees play an important role in the company's success. Life insurance can help protect your business against the loss of you or a key employee with:
- Key Person Coverage - death benefit to provide money to fulfill business obligations or the costs of replacing a key executive in the event of that executive's death.
- Buy-Sell Agreement Funding - cash value and death benefit to provide money to purchase ownership of a business in the event of a business owner's departure or premature death.
Attracting and keeping talented, committed key employees is integral to your business' continuity. To reward and retain your key talent, consider offering an executive benefit:
- Executive Bonus Agreement - an employer-provided bonus used to help the key employee purchase cash value life insurance. The life insurance death benefit might be used to help replace the lost income to a spouse/beneficiary in the event of the key employee's death.
- Executive Benefit Funding - a corporation might choose to informally fund a non-qualified executive benefit plan with corporate owned life insurance.
Pacific Life offers a choice of traditional life insurance products and variable life insurance products for businesses.