Life Insurance
Do you need life insurance to protect your family?
Planning for the future of your business revenue stream is something every business owner should consider. Vista can help; we have the experience and the resources to make this a simple process.
- Term Life
- Mortgage Insurance
- Whole Life
- Universal Life Insurance
- Income Protection
- Investment Products
- Group Life/Health
- Employee Benefits
- Buy-Sell Agreements
If you have financial responsibilities that will continue no matter what happens to you such as a mortgage and other types of debt that your spouse couldn’t carry alone or your children’s future and education then you have a need for life insurance? No one likes to think about these possibilities. Our licensed staff can help you determine what your needs are and create a life insurance plan to match your budget.
I have a business or partner, how can life insurance protect me and my business?Do you have a properly structured buy-sell agreement?
A buy-sell agreement is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business. Think of it as a premarital agreement between business partners/shareholders. Dealing with these contingencies before they happen is a great way to minimize stress and legal fees. The key is to agree to the “what if” scenarios in advance.
A properly structure agreement should answer many questions, including:- Who can buy a departing partner’s or shareholder’s share of the business?
- What events will trigger a buy out?
- How will the shares be values?
Review your buy-sell agreement on a regular basis, or when there is a major change to the business or to the lives of one of the partners is also advised. Business expansion can leave a company in a situation where their agreement is underfunded. A properly funded and structured buy-sell is a very important tool that can protect your business from the unknown.