Life insurance coverage for a small business helps to perpetuate the business. Technically, individual life insurance is coverage for a business owner’s family. This insurance provides a business with a defence against a distressed sale. Benefits of this insurance-security for loans, buy-sell agreement funding, asset accumulation and estate planning.
The author, Roland Alemao CGA, is the founder of Roland Alemao Professional Corporation . He provides valuable tax planning, accounting and income tax preparation services in the Greater Calgary Area.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Roland Alemao CGA and Roland Alemao Professional Corporation will not be held liable for any problem that arise from the usage of the information provided on this page.