Many small and medium-sized business owners are surprised when they discover how beneficial a business life insurance policy can be. Aside from helping businesses earn tax advantages, support their employees, and break free from traditional bank loans, life insurance policies offer a number of unheard-of and useful benefits. Keep reading to discover five reasons why business owners need life insurance. Reason #1 – Allows Business Owners to Attract High-Quality Employees Insurance companies issue policies because they recognize that the policyholder will incur a financial loss when the insured passes away. This is referred to in the insurance industry as “insurable…
