You’ve worked hard building your business and know how important it is to protect everything you’ve worked hard to achieve. You’ve probably made sacrifices to get where you are today, and may have borrowed funds to finance your business venture. But as a business owner, you don’t want to put your family assets at risk or tie up your personal insurance to pay off your debts.

Talk to your agent about Universal Life insurance.

It’s more than just life insurance. It’s an effective plan that can help secure the business you’ve built and the lifestyle you’ve created for you and your family. How? By providing the immediate funds necessary to continue operating your business and pay off any outstanding loans.

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An important benefit of universal life insurance is that you can use your policy as collateral – assigning it to a business lender as security. If something happened to you, the death benefit would then be used to repay your outstanding loan.

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Unlike typical creditor insurance from the bank, a portion of the premium paid under your universal life insurance policy may be tax deductible. This benefit is only offered if you purchase an individual life insurance policy from a life insurance company.

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For more information on universal life insurance or how you can use your policy as debt repayment, talk to your agent.