The phrase “life is too short” is more than just a cliché. It is important to plan for the future and secure your (and your family’s) future in the event of an unexpected death. That is why it is important to have insurance; it ensures that things continue to run smoothly. Here at Mountain Insurance, we offer life insurance quotes for Denver residents so you can ensure that everything will be secured in the event of a death while also exploring your options.
If you own a business, business life insurance can be the key to your company’s continuing success. It is important to get life insurance quotes in Denver, because the annual premiums of life insurance are a small percentage of death benefits. They are available when you need them, and there is no hassle of waiting for a loan approval. It is even possible that the business life insurance policy proceeds are federal income tax free.
When will you need it?
In the event that a business owner passes away, it is important to decide if the business will be sold and to whom. You will also have to decide if the business needs liquidity to move through the transition of having a new owner. Our business life insurance quotes that our Denver agents will work in the form of buy-sell agreement acts to strengthen the liquidity of a business during the event of a death. For example, every Colorado business has a Key Man or a select group of employees that are seen as the key to the success of the business.
It is important to ask yourself if your business will suffer if there is an unexpected death of a key employee. That is why there is Key Man life insurance, which is insurance that a business owns on its key people to protect the company from financial loss due to an unexpected death. Before a death occurs, our life insurance policy can act to reinforce the credit of the business. This will prepare you for emergency money if you need it. If the key man passes away, the policy will save the finances of the business, which will allow you to get lines of credit or replacement costs. It is possible to receive life insurance quotes in Denver regarding this matter.
We will work with you to design a life insurance plan that is tailored to your needs. The plan can work around your financial plan, and can include retirement and college planning—just to name a few. You can begin by getting life insurance quotes in Denver, which have the potential to be a smart investment strategy that could help you and your family. Most states require that you carry a minimum amount of liability coverage. Liability coverage will pay for damages if you become legally liable due to body or property damage. After that, you have many options, including different types of coverage, the amount of coverage, and deductibles.
At Mountain Insurance, we have professionally trained and licensed insurance agents who can assist you with receiving life insurance quotes in Denver. We work with some of the top insurance carriers to find the best comprehensive insurance coverage for our customers at the best rates. Contact us today or give us a call at 303-420-4774 to receive a quote.