Business Planning Using Life Insurance -
Salt Lake City - IHP Advisors
Life insurance taken on the life
of a key employee can provide
cash to finance any losses and
expenses that result from the
individual's sudden death.
Life insurance can also be used
to guarantee repayment of a
business loan, allowing an
owner to obtain financing for a
new or expanding business.
Use business life insurance
for tax planning Life
insurance is an important
feature of many business
arrangements.
Its most important uses include the
following: - Funding buy-sell agreements
- Providing an employee benefit -
Insuring a key employee - Guaranteeing
a business loan Using business life
insurance for these purposes presents
many tax-planning opportunities.
Life insurance as an
employee benefit Life
insurance is a basic
component of many
employee benefits packages.
Split-dollar life insurance, including nonqualified
deferred compensation plans Are you seeking a
low-cost method to attract, motivate, and retain
key employees? Are you also interested in
finding a way to fund nonqualified deferred
compensation plans for them? A split-dollar plan
allows you to carv
How will you finance these
expenses without jeopardizing
your business operations and cash
flow? Key employee life insurance
can protect your business against
financial loss if a key person dies.
Life insurance in qualified plans In
addition to using life insurance to
provide a death benefit for your
employees, you can also use it to
fund your company's qualified
retirement plan.
Business credit life insurance
As the owner of a new or
expanding business, you may
have difficulty obtaining a loan
to finance your business needs.
Business credit life insurance can
make it possible-or easier-for you
to obtain a business loan by
guaranteeing its repayment
through a life insurance policy
taken on your life.
Contact Us At:
https://ihpadvisors.inf
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