term life insurance you can afford, and we're not pushy!

  888.587.8511   FAQs I Customer Comments I Agent Brokerage
Business Continuation Life Insurance Quotes By Top Rated Companies

Business Life Insurance


Term Life Insurance Definitions helps to become more knowledgeable of term life insurance and permanent life insurance.

Term Life Insurance what it is, how does it work- Instant Quotes, traditional - return of premium - no exam

Toll Free
888.587.8511  Mon.-Fri. 9-5 ET

Policy Service Phone Numbers

Top Rated Term Life Insurance Companies

See which company is most suitable for your needs

American General
First Colony
Lincoln Benefit
Lincoln National
North American
RBC - Liberty Life
Security Mutual
Union Central
U.S. Financial
West Coast
William Penn
More get a quote

Health Insurance Quotes!

Disability Insurance Quotes!

Long Term Care!

Life Insurance Guide

Business Life Insurance

Applications Underwriting Term Life Insurance Polices  

Paramedical Exam For Your Policy

Beneficiary Designation

Return of Premium Term  Life Insurance From:   AIG    Chase   Fidelity & Guaranty   Genworth

Estate Planning Info You Can Use

Life Insurance
Life Insurance is for the Living

License #'s: for Lewis Fink


Term Life America - Facebook 
Find us on Facebook

   Find us on Google+

Term Life America - Twitter  Follow us on Twitter


Business Continuation Life Insurance
from Term Life America

More term companies equals the best opportunity to obtain the lowest term quote!

Term Life Insurance Quotes Term Life Insurance No Exam Final Expense Life Insurance Quotes

Offering the Largest Selection of Top-Rated Companies Instantly!  Why is this important?
Personalized Tele-Application for All Companies, Right Over the Phone!
 For the serious shopper who would like a seasoned professional to assist them-
"how term life insurance works", "return of premium term life insurance",
"no exam term life insurance" and "what is term life insurance" will be explained on this page.

Business Continuation Arrangements


Term Life insurance can help ensure a business transfer!

The Problem - Business Continuation and Transfer

In the case of the sole proprietorship, the partnership, and the closely held corporation, the problems of business stability and continuation following the death or disability of an owner are critically important to both the family of the deceased owner, the surviving owners, and the employees. In order to understand the role life insurance plays it is necessary to understand the effects that the death or disability of an owner can have on the business.

Partnerships- The Problem Explained

The partnership form of business organization has many advantages, however, the law provides that upon the death of a general partner, the partnership is dissolved and the surviving partners become liquidating trustees, charged with the responsibility of immediately winding up the business and paying over to the estate of the deceased a fair share of the liquidated value of the business. The liquidation of a business, were a forced sale of assets, almost always results in major shrinkage of those assets.

Under these circumstances, the following will occur:


-devaluation of assets
Accounts receivable will bring only a fraction of their normal value, inventory and plant must be disposed of at sacrifice prices, and  

-goodwill will be lost means of earning a living are gone

The seriousness of the consequences often leads survivors to attempt to continue the business by buying out the interest of the deceased partner and reorganizing the partnership. This procedure is not practicable, however, for two reasons. In most cases, it is not possible to raise the necessary cash. But even if the surviving partners can raise the cash to purchase the interest of the deceased, they have to prove that the price paid for the interest is fair. Their fiduciary status makes this impracticable; in fact, in some states, they are not permitted to purchase the interest, since it in effect involves a trustee's purchasing trust property. In the usual case, it is also impracticable for an heir to become a member of the reorganized partnership or to purchase the interests of the surviving partners. The record of litigation is clear.

The Solution

In order to avoid this consequence, the members of a partnership would enter into a buy-and-sell agreement arrangement. This would bind the surviving partner(s) to purchase the partnership interest of the deceased partner. A prearranged price is set forth in the agreement, and obligates the estate of the deceased partner to sell the interest to the surviving partners. The value of the various partnership interests is determined at the time the agreement is enter into and may be periodically revalued in the agreement. Each partner is insured by life insurance for amount of his interest. The other partners or the partnership itself owns the policies. When the first partner dies, the buy-sell agreement is set into motion. The life insurance proceeds are used to purchase the interest of the deceased from his or her estate. The partnership is reorganized by the surviving partner and continued in operation, and the heirs of the deceased receive in cash the value of their interest in the partnership. All parties benefit by the arrangement, and the problems of liquidating the partnership are solved. The surviving partners can now enter into a new buy-and-sell agreement or amend the original agreement to account for changes in the value of the survivors’ respective interests.

Professional Service Partnership

Rather then a buy-sell agreement, lawyers, doctors, and other professions often us an income continuation arrangement. It provides that for a given number of years the business will share a percentage of its profits with the heirs of the deceased or pay a fixed sum for a period of time.

Two agreements may apply in some cases. A buy-and-sell agreement can cover assets, and an income continuation agreement can cover the deceased's share in future earnings. Life insurance is used as the funding method for both types of agreement.

Closely Held Corporations Corporate Buy Sell Agreements

We have a highly trained and licensed professional staff.  We specialize in all aspects of this discipline. Included are, Term, Universal, and Permanent Policies, as well as Final Expense. We guide our clients on issues involving Personal Family Protection, Estate Planning and Estate Conservation, Business Planning to include, Buy Sell Agreements, Deferred Compensation, and Executive Compensation. We offer spreadsheets for Term Life Insurance Quotes from Top Rated Companies. We help you decide what type of policy is best for your goals and objectives. Companies offer 5, 10, 15, 20, 25 or 30 year policies that can include a return of premium plan options. Some plans offer no exam underwriting for your convenience. We provide consumers with helpful information, find the right life companies, and gives them the opportunity to receive free instant quotes.

The content contained on this insurance website is for informational purposes only. It is intended for consumers who are shopping and wanting to learn more. We do not endorse any particular carriers. We work for you and simply provide factual insurance information. We let you decide if you want to speak with a professional agent to help with your needs. Premium rates displayed on this website are for informational purposes only. Actual rates are based on many factors one of which is the applicants health.


Get term life quotes from TermLifeAmerica.com-
Lewis Fink is licensed as a term life agent offering term life quotes in the following states: Term life quotes for:
Alabama - AL,  Arkansas - AR,  California - CA Colorado - CO Connecticut - CT Delaware - DE District of Columbia - DC,  Florida - FL, Georgia - GA Idaho - ID Illinois - IL Indiana - IN Iowa - IA Kansas - KS Kentucky - KY Term quotes for: Louisiana - LA,  Maine - ME Maryland - MD Massachusetts - MA,  Michigan - MI Mississippi - MS Missouri - MO,  Montana - MT Nebraska - NE New Mexico - NM, New Jersey - NJ New York - NY,  North Carolina - NCTerm quotes for: North Dakota - ND,  Ohio - OH Oklahoma - OK Pennsylvania - PA, Rhode Island - RI South Carolina - SC,  South Dakota - SD,  Tennessee - TN Term quotes for: Texas - TX,  Utah - UT Vermont - VT Virginia - VA, and Wisconsin - WI.  

We offer term quotes for 5, 10, 15, 20, 25, and 30 year term periods. Our universal life products can be quoted to cover a term of up to age 120. Not all term product quotes from all term companies quoted are available in all states.

<Return To Previous Page>