Other than Group Life Insurance plans, the most common use of life insurance by a business is to insure partners or stockholders so that funds are available to purchase their interest in the event of death. Step 1 would be to agree on a buyout price, step 2 would be to call us in Houston at 713-686-5433 or 1-800-543-3289 to obtain the quotes for the amount of coverage you want so you can see the proposal cost of instituting the plan (or click here to go to the quotation request form). Step3 would be to contact your attorney to develop a formal agreement. At the same time we can assist you in making a no obligation application to the life insurance company for the amount of coverage that you want; to see if you are healthy enough to get the rates quoted. There is no application fee, everything we do is on a COD basis so you are not out of pocket any money at the time you make application and there is no obligation for you to take the policy even if it is offered at the rates we have quoted. Assuming the policies come in at the acceptable premiums you would then execute the agreement prepared by your attorney and put the insurance in force by paying the premium.

Another common use of life insurance by a business is to indemnify itself for the loss of a key person. The business owns the policy and is the beneficiary of the policy on the life of an individual whose death would adversely impact the business. This is also the type of insurance you would use when you are making a loan and your lender requires you to have insurance on the key person. If you would give us a call in Houston at 713-686-5433 or 1-800-543-3289 we would be happy to furnish you the quotes or simply click here to fill out the quote request form.

Special life insurance funded programs may also be used by businesses to hire, reward, retain, or increase retirement benefits for special employees. The life insurance programs can be tailored to each individual business need and if you would give us a call at 713-686-5433 or 1-800-543-3289 I will be happy to discuss various methods that will help you accomplish your objectives.

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