Shelly Lien
Your Greater Vancouver Business Insurance Agent
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| Business Insurance |
| Most of the time, the success of a small or medium sized business depends on a small number of shareholders or on one key employee. The death of a key partner could be very damaging to the continuity of your business activities and very detrimental financially. |
| To protect yourself against financial problems, it is important to take out universal, term, whole life, or critical illness insurance. |
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Financing a shareholders agreement |
| Taking out term insurance to finance a shareholders agreement, ensures tax-free payment of the capital required to purchase the shares of the shareholder who dies. The death benefit prevents having to take out a loan to purchase these shares, or to liquidate assets of the business to settle debts. |
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Insuring a Key-person |
| A term life insurance benefit paid following the death of a key employee covers the temporary revenue loss entailed while a replacement is being recruited and trained. |
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Collateral Insurance |
| To secure the repayment of a loan or a line of credit in the event that one of the owners dies. |
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