No matter the size of your company, business owner insurance is an important way to protect what you’ve built. We’ll work with you, your accountant, and/or your attorney to understand your unique needs and to find the best solutions for you and your business. We also consult with our own experienced team of advanced planning professionals to give you the best possible guidance and support. Connect with an agent to start a conversation about your business needs.
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FOR BUSINESS OWNERS Business owner services to support and protect you
You’ve done so much to build your business, but no one can do it all. Our agents work with your team to create the best solutions for you and your business. We can also consult our own team of advanced planning professionals.1
What we offer through business owner services
We have experience working with a wide range of businesses, advising owners like you professionally and personally, and supporting your workforce as well.
Personal guidance
We offer multiple pillars of financial service and protection that can help you in both your business and your personal life
Ongoing support
We’ll be there for you when you need advice or solutions, and we’ll do the same for your employees when they need it
You in control
Our recommendations are always based on your business strategy, concerns, and goals (both professional and personal)
Many ways to support you and your business
Business owner life insurance
Individual policies that help replace your income and cover business-related debts if you die and provide a source of cash for your business
Business owner disability insurance
Helps to replace your income if you’re sick or injured while also covering overhead costs to help keep your business running
Business owner retirement planning
A personal combination of investments, annuities, and life insurance strategies to help you retire when you’re ready
Key person policy
A specific type of life insurance owned by your business that covers you or other critical employees to help keep the business afloat and cover the costs of replacing someone
Business owner succession planning
Arrangements such as a buy-sell agreement, funded by life insurance, help a business partner buy your part of the business if you die, with proceeds going to your heirs
Common questions about business owner services
You probably have responsibilities beyond making a profit in your business. Your family and employees depend on you, so we offer comprehensive solutions for you at home and at work. Whether you need a key person policy to protect your business, personal life insurance to protect your family, or retirement planning to help ensure your future, your agent will help you customize an approach.
Your needs will depend on your individual situation, but it’s usually advisable to have a policy (or policies) specifically designed for your needs as a business owner. Individual policies protect your family in the event of the unexpected, and business owner policies can do the same (and more) for your company. Your agent can help you choose and manage all the policies you need.
Your costs may depend on how many key employees are included, the products you select, any underwriting that may be needed, and the needs of your family. Your agent will work closely with you to find the right solutions within your budget and to make adjustments in the future as your business grows.
Learn more about business owner life insurance and other services
1Neither New York Life Insurance Company nor its agents or employees provide tax or legal advice. Please consult your tax and/or legal advisors regarding your particular situation before implementing any strategies.