Life Insurance

Life Insurance for Small Business Owners

SmallBiz_LifeInsLife insurance helps the family, business partners, or employees continue the business in the event a major stakeholder passes away.

Concentric Insurance specializes in life insurance for small businesses by helping you manage:

Business and Farm Succession – When you own a business or farm, passing that livelihood onto your family members  or key employees begins with pre-planning. Concentric Insurance is experienced in the complex strategies of business and farm transfers.

Disability Insurance – The idea that a business can continue to produce income for the owner in the event of an accident is comforting. The reality is that revenue and the overall value of your business begin to erode almost immediately if you are not involved on a day-to-day basis. That is very discomforting, but there are solutions available.

Key Employee Coverage – The sudden loss of a vital employee can spell disaster for the company that is not prepared. Some of the solutions available may not only help protect against this, but might even help give incentive to a key employee to remain with the company until their retirement.

Buy/Sell Funding – Life insurance with a buy-sell agreement enables the company or individual co-owners to purchase life insurance policies on the lives of each co-owner. In the event of a death, the benefits from the policies on the life of the insured can be used to buy out their portion of the business. This solution will help foster continuity of the business, prevent unwanted business partners and provide for the family members of the deceased.

Deferred Compensation – Planning for the future starts early. By arranging for a portion of income to be paid out at a date after which that income is actually earned can defer taxes. We can assist you with your pension, retirement planning and employee stock options to take advantage of this type of compensation.

Executive Bonus – Rewarding executive employees for work that generates profit by paying the premiums of their life insurance policy can be a valuable piece of your business’ sustainability. Concentric Insurance can help your business structure these compensation plans.

Contact us to schedule a meeting and begin planning for the sustainability of your business.

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Our Office:

3636 Westown Parkway, Suite 250
West Des Moines, IA 50265
Phone: 515-225-4838
Fax: 515-224-6803