Safeguard your business.

Business owners use insurance for many purposes, ranging from asset protection and succession planning to tax planning and wealth transfer. We can help you identify your needs and determine how insurance may fit into your overall business strategy.

Talk with a Wealth Management professional about your business insurance needs.

Succession planning

You need a succession plan to ensure that your business continues successfully, especially if an owner or key employee dies. “Key employee insurance” provides cash to the business which can be used by the surviving business owners to maintain the business after the loss of a critical employee. Insurance can also be used to fund a buy/sell agreement. Policy proceeds can provide the necessary cash for a partner, employees or children to buy all or part of the business.

Tax planning

There are typically no federal income taxes on insurance policy proceeds. You might also bypass probate. When you structure your insurance plan properly, you may receive proceeds free from estate taxes.

Another potential benefit of an insurance policy is that the cash value builds on a tax-deferred basis. No taxes are due as long as the insurance policy remains in force.

Wealth transfer

If you transition your business to your children, a partner or another party, an estate plan can help ensure that your assets are distributed as you wish. Many plans include one or more types of trusts, each of which fulfills a specific need. Revocable trusts allow you to retain control of your assets during your lifetime. You can change this type of trust at any time. You can also create irrevocable trusts for a wide variety of objectives. These trusts generally can't be changed after they are established.

Learn about types of trusts

Talk with a Wealth Management professional about your business insurance needs.

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Insurance overview Life insurance
Long-term care insurance Disability insurance

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Disclosures

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Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Wealth Management – U.S. Bancorp Advisors is a marketing logo for U.S. Bancorp Advisors.

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Please refer to our disclosures and agreements.

Brokerage and investment advisory products and services are offered by U.S. Bancorp Advisors, LLC, an SEC-registered broker-dealer, investment adviser, member FINRA / SIPC, and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, N.A.

U.S. Bancorp Advisors and their representatives do not provide tax or legal advice. Your tax and financial situation are unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Insurance services are offered by USBA Insurance Services, a dba of U.S. Bancorp Advisors, having a California domicile and principal place of business at 800 N. Brand Blvd., 16th Floor, Glendale, CA 91203, CA Insurance License #6011694. Products may not be available in all states.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via https://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.