Someday, the business you’ve worked hard for could become your legacy—or a source of retirement income. Creating an exit or succession plan now helps ensure your business will transition as smoothly as possible when it’s time to pass the torch.
Prepare for the transition of ownership of your business.
Create an exit or succession strategy.
Principal® offers several options for helping you plan for the sale or transfer of your business. Solutions focus on maintaining your business’s full value for the benefit of everyone involved.
This prearranged contractual agreement between a buyer and seller defines triggering events for a sale, such as voluntary termination, death, or total disability, and outlines price and other terms.
Agreements can be funded with a variety of insurance solutions, including permanent and term life insurance or disability buy-out insurance.
Talk to your financial professional to help you assess and meet your succession planning needs.
Need a little help?
Insurance products issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal National and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392.