It’s hard to think about what it would mean to lose a business partner or key employee. How would your business survive?

How would you like your business partner’s ex-spouse to help run your company? Does it sound like fun to have a bank own part of your business should your co-founder file for personal bankruptcy? Without a formal buy-sell agreement, business owners face these options and situations that can disrupt the business!

At Insurance Brokers of MN, Inc. we can help with planning needs along with life insurance solutions for funding business continuation plans. Whether it be a business buy- sell agreement, key person protection, or even employee benefits like deferred compensation and executive bonus plans.

Take a look at the chart below and then talk to your local, knowledgeable Insurance Broker of Mn, Inc agent to learn more.

Want to find an agent near you?



What It Does
Who Needs It

Buy-Sell Agreement

A contract that enables a seamless transfer of ownership if an owner passes away.

Anyone who shares ownership of a business with one or more owners.

Saves your business from disruption and provides a smooth transition of ownership.

Key Person Protection

Provides financial assistance to a business following the death of a key employee or owner.

Any business that relies on the talents and skills of key employees such as an executive officer, general manager, sales manager or a contributor with unique skills or technical knowledge.

Protects your investment in employees who are crucial to your business. Covers financial losses or temporary expenses if a key person passes away.

Deferred Compensation Plan

Provides an insurance-based retirement plan for select key employees through a life insurance policy that is purchased by the business owner.

Any business owner who wants to attract and retain key employees.

Tax-deferred life insurance policy accumulates cash value, can provide income later in life and provides a tax-free death benefit for the employee’s beneficiaries. The business owner chooses which employees receive this plan.

Executive Bonus Plan

Provides individual life insurance to help protect the families of select key employees. At retirement, the employee may use policy’s cash value as supplemental retirement income or continue the life insurance coverage.

Any business owner looking to recruit strong candidates, retain expert employees and design a benefit plan with tax-deductible costs.

Retain the talent your business needs to thrive. An easy, cost-effective benefit program to offer employees. The business owner chooses which employees receive this plan.

Business Loans Life insurance

Provides life insurance protection to pay off business or personal loans used for business purposes.

Business owners with loans on property, fleet vehicles, inventory or for paying debt.

Having life insurance to relieve the business of debt allows for easier transition or sale of a business upon an owners death.


Insurance Brokers of Mn offers a complete line of products with top rated insurance companies to help you prepare for the unexpected in your business.

To hear REAL LIFE STORIES and learn “why” you need business life insurance, click on the link below.

https://www.lifehappens.org/ videos/

Insurance Brokers of MN – Your Business Life Insurance Expert

Learn more about your options with Insurance Brokers of MN, Inc by calling TODAY or by filling out our quote form. Get a free quote from one of our experienced agents that have extensive knowledge. At a Insurance Brokers of MN we also have business attorneys and Tax experts a phone call away to review your planning process with us!

Don’t go another minute without the best possible protection available!



Agents located in: Anoka, Ada, Altoona, WI, Bemidji, Blaine, Brandon, Brooklyn Center, Buffalo, Burnsville, Byron, Coon Rapids, Cambridge, Cannon Falls, Dawson, Duluth, Forest Lake, Graceville, Grand Forks, Ham Lake, Hermantown, Hudson, Inver Grove Heights, Isanti, Jordan, Lino Lakes, Little Falls, Medina, Minneapolis, Pequot Lakes, Princeton, Ramsey, Redwood Falls, Rogers, Richfield, St Cloud, St Paul, Thief River Falls, Vadnais Heights, Waconia, Wheaton