Successful owners know it takes more than hard work to ensure prosperity for their business. They are looking for ways to protect their company, remain competitive and retain top talent as they plan for a financially secure future.
Who are these clients?
These clients are successful business owners or partners in a closely held firm. They may be a startup or in a period of expansion, looking for ways to maintain their competitive edge, or transitioning their ownership.
Questions to start the conversation
- What is your retirement plan?
- Do you have a succession plan for when you’re ready to leave the business?
- If you lose key employees, how will you recruit and train their replacements?
- Have you thought about life insurance as an easy-to-administer and tax-efficient way to increase employee compensation?
Solutions to consider
Our Business Insurance Solutions team has outlined everything you need to understand and present key business strategies.
Looking for COLI BOLI?
For company-owned and bank-owned life insurance solutions, Lincoln Financial offers customized products and leading-edge riders designed for organizations of all types and sizes.
For clients with illiquid assets and significant insurance needs, premium financing may be available.