Protecting your business can be done in a number of ways using various types of insurance products. In the case of accident or illness, there are products that offer "Living Benefits", which pay out to the beneficiary (presumably you - the business owner); the idea is that this lump sum of cash (tax-free, if you paid the premiums rather than the business) can be used to keep the business running, as you see fit, while you recover.

In the case of death, buy-sell agreements and whole life insurance products can protect the business from a fire sale immediately following the owner's passing. In this case, the benefit (tax-free, under the same conditions as above) would be paid out to the beneficiary, who could then use this money to keep the business running while the terms of a sale are negotiated. It could also be used to hire a consultant to take over while searching for a buyer.

For business owners concerned with the well-being of their employees, benefits programs can be implemented that offer life, disability, health, dental, etc. at very reasonable prices. A group benefits plan is a great way to reward your employees for all of the hard work that they put into your business.

For more information, please contact me directly. We can set up an appointment to speak more about the above products or any personal products that you may be interested in. My advice is free and I also conduct free reviews of any plans or policies that you may already have in place. Please don't hesitate to contact me at 416-366-8771 x2239 or paul.munro@sunlife.com.

Thank you and good luck!

Sincerely;

Paul A. Munro Financial Advisor Sun Life Financial