When one looks at what would have happened if, as a business owner, he/she died or became disabled yesterday, there are only three real outcomes for the business: it was retained for a family member; it was sold; or it was liquidated.

RETAINED:

• Is there a capable and willing family member?
• Will the family member be acceptable to the other business owners?
• How will surviving dependents replace the income provided by the business?
• Is there a need to equalize inheritances among family members?
• Will there be enough liquidity in the estate to pay taxes and other settlement costs?

SOLD

• To whom will the business interest be sold, and at what price?
• What would trigger the transaction - death, disability, retirement?
• What is the value of one’s business interest?
• Will funds be available to complete the purchase at death, disability, or retirement?

LIQUIDATE

• What is the value of the business as a going concern?
• How does that value compare to the liquidation value of the business?
• How will the income formerly provided by the business be replaced?
• Will there be sufficient funds available to allow for a planned liquidation?

There is only one time-tested, pennies-on-the dollar, and tax-favored product that provides guaranteed liquidity to help fund answers to these questions: LIFE INSURANCE.

Please contact our agency for additional details and a customized quote.

James P. Cahill, CLU

James is a 40-year veteran of the life insurance marketplace in the Greater Chicago area. His career has included a 22-year association as a branch manager and senior account executive with Hartford Life, earning top national office and top national account executive designations, while qualifying for award-conference level in 20 of those 22 years.

Our value proposition is a simple one.  Offer a thorough and cost-effective solution to business clients through careful analysis, consultation, and implementation.

Contact James at info@GoCGO.com.