Individual & Business Succession/Contingency Planning
Benjamin Franklin was famously quoted stating, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”
Many small business owners and individuals lack a clear succession plan for unforeseen or unplanned life events such as death, disability, and retirement. Much of these succession and contingency planning items are resolved with the use of different insurance products thus mitigating much of the risks both individuals and businesses face.