Starting a Business
Loss of an Owner
Your energy, talent and hard work are the engine that drives your business.Your business success is dependent on you, but if you die or become disabled, what will happen? It isn't something any of us likes to think about, but there is too much at risk to postpone these important business decisions.
Sole Ownership
Insurance can pay debts and keep together what you've worked so hard to build. It's not your life you are insuring, but your business and its future earnings. It makes sense to insure the things you value, including your business and your economic contribution to it.
Multiple Owners
If your business has more than one owner, you must consider another issue: providing for the possible transfer of ownership if something happens to your partner. To plan for this possibility, you should enter into an agreement to ensure your interests are protected in different circumstances. Part of the solution will likely require that proper funding is in place, for example, to ensure that money is available to buy the shares of a deceased or disabled owner. Often, the best and least expensive alternative for this funding is life insurance.
Whether you need to insure one person or more, we have a product to suit your needs:
Major life events can significantly change your circumstances. For more information about how Manulife's Insurance Products can help you, Contact Us.
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