Using Life Insurance to Fund a
Business Buy-Sell Arrangement
by Loren W. Tauer
Department of Agricultural, Resource,
and Managerial Economics Cornell University
Many successful businesses, including farms, are closely held, with only a few owners.What happens to these businesses if one of the principal owners dies?Do they continue?Often the remaining owners can manage the business quite successfully.Their problem is the financial ability to buy the deceased owner’s share of the business from the estate or heirs.A solution might be a buy-sell arrangement funded with life insurance. More…
Small Business Health Insurance
Successful small business expansions and new formations lead the way in creating new markets, innovations and jobs that fuel economic growth and prosperity.
In recognition of the importance of small business to a strong economy, The Travelers Companies has joined with the U.S. Small Business Administration (SBA) to help meet the information needs of existing business owners and aspiring entrepreneurs.
Structuring Your First Benefits Plan
Health insurance is the second most-coveted fringe benefit in America today — behind only paid vacation.Yet only half of employers with fewer than 10 employees offer it, some because of the price tag.
Cost, of course, is a major consideration.But in today’s environment of managed care plans and increase cost-sharing with employees, it doesn’t have to be an overriding issue.
Structuring your benefits plan properly — with an eye on the quality and cost of care — can help you attract and retain qualified employees.
Where to Start
When considering your first benefits plan, begin by determining the needs of your employees.You may want to sit down with them to discuss options, making