Permanent Life insurance is not only used for individuals but is also used by businesses as a
form of business life insurance for key personnel and partners.
So, the
purchase of Business Life Insurance such as Business Credit Life Insurance is essential because it guarantees that the business loan will be re-paid to the lender should the borrower die.
Just
some of the business life insurance solutions that are offered via Cincinnati Life Insurance Company include:
American General offers the most common types
of business life insurance.
Buy - sell is one of the four main types
of business life insurance (available as both term life and permanent life insurance) that can help protect your family if the unthinkable happens to you.
As with the other types
of business life insurance, you can find either term life insurance or permanent life insurance (whole or universal) policies to protect your business and your family.
Key person life insurance (one of the four types
of business life insurance) can help your company by providing a monetary payout to see you through the loss.
This type
of business life insurance would help provide your family with the funds they'll need to keep your company going if the unthinkable happens to you.