91ÇÑ×Ó

Financial Professionals Business Protection
Business Protection

Help businesses owners preserve, protect and promote the value of their business.

Business owners need to protect the integrity of the business—so they can maintain business operations in the event of the loss of a key employee, preserve the value of their business until they choose to exit, and better facilitate a transfer to family members, key employees, other owners, or third parties upon their exit.

ESOP Repurchase

As a qualified plan, an employee stock ownership plan (ESOP) is required to repurchase the shares of departing and retiring employees who participate in the plan. One of the most effective ways to help protect the business from both planned and unplanned events with an ESOP is by implementing an ESOP repurchase obligation funding strategy.

Many plan for this expense, at least in part, through a sinking fund (investments the company uses to accumulate the necessary funds to address this need). Life insurance can be one solution to accumulate these funds for lifetime buyouts, particularly because it can cover unexpected buyout expenses triggered by death, as well as transfers during life. Tax-deferred accumulation makes life insurance an effective option for accumulating funds for a lifetime buyout.
Key person insurance

This type of coverage can help your clients recover from the unexpected loss of top talent due to death or disability. If their loss would create a financial burden that puts the business at risk, key person insurance is a simple and efficient solution. Options include quotes for 10-, 15-, 20-, and 30-year term insurance—as well as quotes for 1, 2, and 3 times their salary of individual disability income insurance for key person replacement coverage. .

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Overhead expense and business loan protection

If an owner became too sick or hurt to work due to a disability, overhead expense insurance and business loan protection reimburses the owner for operating expenses and any loans taken out for business-related expenses.

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Working with 91ÇÑ×Ó®

We’re more than just products. It’s about the service you’ll receive from 91ÇÑ×Ó and the experience, education, and ease of doing business.

To get started, contact the Business and Advanced Solutions team at 833-803-8345, or your internal sales team: 800-654-4278.

Important information

Insurance products issued by 91ÇÑ×Ó National Life Insurance Company (except in NY), 91ÇÑ×Ó Life Insurance Company®, and the companies available through the Preferred Product Network, Inc. Plan administrative services offered by 91ÇÑ×Ó Life. Securities offered through 91ÇÑ×Ó Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the 91ÇÑ×Ó Financial Group®, Des Moines, IA 50392.

For financial professional use only. Not for public distribution.