Contact Us: (425) 868-1123
Insurance Services of Washington Inc.
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Insurance Bond Quote
    • Other Quotes >
      • Life Insurance Quote
      • Health Insurance Quote
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Online Documents
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
    • Other >
      • Life Insurance
      • Health Insurance
      • Boat Insurance
      • Event Insurance
      • Umbrella Insurance
  • About
    • Staff Directory >
      • Bios >
        • Michael F. Haller
        • Rebecca Hall
        • Debra Haller
        • Dina Hopkins
        • Brandon Wease
        • Edward Klumb
        • Erin Ziegelbauer
        • Anthony Sanelli
    • Our Providers
    • Client Testimonials
    • Refer a Friend
    • Blog
    • News
    • Newsletter Signup
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Insurance Bond Quote
    • Other Quotes >
      • Life Insurance Quote
      • Health Insurance Quote
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Online Documents
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
    • Other >
      • Life Insurance
      • Health Insurance
      • Boat Insurance
      • Event Insurance
      • Umbrella Insurance
  • About
    • Staff Directory >
      • Bios >
        • Michael F. Haller
        • Rebecca Hall
        • Debra Haller
        • Dina Hopkins
        • Brandon Wease
        • Edward Klumb
        • Erin Ziegelbauer
        • Anthony Sanelli
    • Our Providers
    • Client Testimonials
    • Refer a Friend
    • Blog
    • News
    • Newsletter Signup
  • Contact

Insurance Services of Washington Blog

Life Insurance: Why All Business Owners Need To Consider It

10/30/2017

0 Comments

 
Picture
The list of people relying on your income grows steadily as your business expands. These include your staff, family members, business partners and their families. As a responsible business owner, you cannot neglect their needs. Furthermore, you don’t want to be responsible in putting them in a financial risk if something happened to you.
Getting life insurance when you own a business should be a priority as you are protecting multiple families, not just your own. Here are some reasons why life insurance is essential for business owners.

It Can Replace Your Income

In the event of your death, life insurance can replace your income without delay. This means that your immediate family members will not be left looking for extra jobs just to make ends meet. They can use your payout to fund important expenses like mortgage, food and education. Your term life insurance will be able to cover your years of finances for your family or even pay your children’s college tuition.

Protect Your Business for Going Bankrupt

Businesses always comes with debts and you cannot pay them off once you’re gone. You should know that the interest rate for debts keep on getting bigger each year and it can take out a whole lifetime of savings if left unpaid. You don’t want your family to suffer and watch your business go bankrupt when you die. A life insurance policy that corresponds to the amount that you borrowed is your best option if you have plenty of business debts.

Equal Inheritance for Your Children

Having plenty of children also means having to divide your inheritance equally when you pass away. If you have very young children that were not able to help you with the business, they too should have a share of it. With the right life insurance policy, you can rest assured that your children’s inheritance is well taken care of. This amount includes your subsidiaries and other assets.

Funds for a Buy-Sell Agreement

A buy and sell agreement is a great option if you have several business partners who’d want to take over the business once you’re gone. There are life insurance policies for business owners that provides them with some cash to buy the share of a partner that passed away.

Your business is something that is part of your life and family and many others’. You need to think of its future and plan accordingly. At Insurance Services of Washington, we offer flexible insurance policies that cater to the needs of your business. You can get more information about our products and services by calling our agency at (425) 868-1123. Get your free quote today by CLICKING HERE.
0 Comments



Leave a Reply.

    Contact Us

    (425) 868-1123
    8195 166th Ave NE
    Suite 201
    Redmond, WA 98052
    Click Here to Email Us

    Archives

    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    July 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    Dental Insurance
    FAQs
    Financial
    Health Insurance
    Home Insurance
    Insurance
    Landlord Insurance
    Life Insurance
    Local
    Safety

    RSS Feed

Licensed in Washington, Arizona, California, Hawaii, and Oregon

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Insurance Services of Washington Inc.
8195 166th Ave NE
Suite 201
Redmond, WA 98052
Click Here to Email Us

Location

Website by InsuranceSplash