Life Insurance for Your Business Partner

Tutorials1927 - Life Insurance for Business Partners designed to protect the business of the company that you have built your joint venture partner with difficulty in order to keep it running well if you should lose your partner because of risks such as: death, permanent total disability, critical illness and etc.

Suppose you build a business with your friends with both venture capital and when your efforts are both more advanced, increasing the company's assets, then what if for some reason your partner dies?

If this is the case may be incurred in some scenarios as follows:

1. The wife of the deceased will come to you and demanding rights that are part of her late husband. while perhaps at the same time the company does not have that much cash to give the rights to his wife, because of the company's capital more embedded in the form of assets, if you sell these assets means that your company will be uninterrupted operations even the bad news is that your company will experience bankruptcy.
2. Deceased wife will ask her husband's salary payment, which is certainly your company may not pay because he was not working on your company or if he is working in your company even competence and ability is not necessarily the same with her late husband.
3. The worst scenario is the wife of the deceased will take legal action to sue your company, so that the possibility of the con you will be frozen by the court and as a result, your company may be forced to sell assets of the company which has been built with great difficulty, it would be very detrimental to both sides .

Do you want such things as happening to you or your business partner? businesses as you certainly understand that this kind of risk can not be avoided by anyone, and as an entrepreneur you certainly understand that for the risks that can not be avoided must be managed properly so that it becomes uncontrollable.

With Life Insurance Products for Business Partners if the above scenario occurs, the wife of the deceased will receive compensation for part of her shares in the company stretcher, while the surviving partner will still be able to maintain full control over the company as sole shareholder. It is mutually beneficial to both parties not?

For that "Life Insurance Products for Business Partners" is designed in order to control the risk of unexpected (actually you might have guessed) so that your company can continue to run smoothly despite the worst case scenario.

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