Family business planning is best served by having a knowledgeable advisory team, and a good team includes an expert on insurance. We found an article discussing the role of life insurance in family business planning in a recent issue of Wealth Management, and we are pleased to pass it along for your consideration.

Life insurance professionals can help drive family business succession planning action. However, determining if life insurance makes economic and planning sense takes multiple perspectives. Each advisor in a team may provide insight into the insurance decisionmaking process that’s both essential regarding the value of life insurance in the family’s plan, but also helpful in educating the business owner and his family. Here are some interesting uses of life insurance for family business advisory teams to consider.

Originally published in Wealth Management.com - February 26, 2016.