Plan ahead with small business life insurance from State Farm®

As a small business owner, you work hard to establish your business and achieve success. However, there may be planning issues you need to address to be sure your success continues. State Farm can help with a variety of life insurance policies.

Get a quote for term life insurance

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If you are interested in additional life products, please contact a State Farm agent.

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Business continuation

What will happen to your business at your death? Will your heirs need to sell the business to obtain cash to pay estate taxes and liabilities? Will your heirs and surviving owners work together harmoniously? As a small business owner, you may be able to use life insurance to help with an orderly, economical transition.

Learn more about Business Continuation

Key employees

Employees are an integral part of a business owner's success. Could your small business continue to be as profitable in the event of the unexpected death of a key employee? Life insurance may be an option to make sure you have cash available when you need it.

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Employee benefits

A major problem facing many businesses today is attracting and retaining top-caliber employees. As a small business owner, you are aware of the importance of employee benefits and their contribution to your business success. State Farm offers group life insurance to enhance the benefits offered to employees.

Key employee incentives

Fringe benefits involving life insurance, such as Split Dollar, Executive Bonus, and Non-Qualified Deferred Compensation, allow you as a small business owner to select the employees you want to participate and vary the benefits among them. These plans do not have to meet IRS requirements, and there are no IRS mandatory distribution requirements.

Learn more about Key Employee Incentives