As a business owner, you live with risk. That's the nature of business. You take on risk when you borrow money to expand, when you launch a new product or service, hire a new employee, and extend credit to a customer. Every day you make decisions that involve risk. When it comes to business, there are dozens of risks... but few guarantees. However, successful business owners work to minimize risk, so they can focus on meeting their objectives.
Life insurance is, simply, a risk management tool. For instance, if your company invested in new facilities or new vehicles, you would insure their value against the danger of theft, fire and accident. In the same way, life insurance can help protect the value of key employees to your business, reduce the risk that a loan might default if something happened to you, and, most of all, reduce the risk that your business and your family would suffer financially if you do not live to see your long-term plans completed. The articles in this section can help you learn more about how life insurance can help you, your business, and your family.
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At no charge to you, a New York Life Agent — professionally trained and experienced — can help you analyze your needs and recommend appropriate solutions through insurance and financial products and concepts. Request a no-obligation review with a New York Life Agent.
New York Life Insurance and Annuity Company does not provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.