BUSINESS INSURANCE is what we might call Key Man Insurance.  If a Key Man were die, it could put companies in peril financially, especially smaller companies with few employees.  Sometimes when a company sells the owner or key employee stays on for a certain time frame.  Term insurance can be used when needed.  (5, 10, 15, 20, 25 & even 30 year plans are available for business needs)  After the allotted time needed for key man coverage the plan can be transferred to the one required to carry the insurance.  Key man insurance is normally for a shorter time.

A Universal Life Insurance plan can be used in Business Insurance as it will continue to make money each year.  Universal Life Insurance is a insurance plan that you can have for a lifetime.  Coverages on Business Insurance can range from $100,000 to several millions.  Also, on Business Insurance there will be an exam on the insured before the policy is issued.  Remember on the Universal Life that Bjorklund Insurance Agency offers, there will be a automatic coverage called Living Benefits.  These benefits cover the terminal, chronic and critical care which would be another plus for the beneficiary.  Insurance YOU DON'T HAVE TO DIE TO USE.  Be sure to ask our agent about these plans.

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