Team photo
Centuria Financial Group


David P. McCabe,


Financial Planner


Nathaniel D. High, RICP®

Financial Planner


Nicholas J. Over, CFP®

Financial Planner


Sara E. Martin

Client Relations Manager


Jennifer A. McCabe

Client Relations Specialist


Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048


Phone:  443-952-7232

September/October 2023

Manage Risk with Life Insurance

Health insurance or life insurance business and health care concept. People model in lifebuoy on wooden table background copy space.

As a business owner, you may have two essential estate planning goals: to ensure that your business survives and to provide your family with sufficient cash to maintain their lifestyle should the unthinkable happen. September is life insurance month, a good time to consider how life insurance can help you meet both objectives, as well as others that are also important to you.

Pay Estate Taxes
Even if your business has a healthy valuation, it is still an illiquid asset. Selling it quickly probably would not be a practical option. That could leave your family scrambling to come up with the money to pay estate taxes. Additionally, the sale of your business may not be what you envisioned for it in the future. Life insurance can provide the funds to pay estate taxes, while freeing your family from the burden of finding the cash and honoring your wishes to keep your business intact.

Equalize an Inheritance
If any of your children are involved in your business, you may want the business to pass to them at your death. But what if you have other children who aren't involved in the business? If you do not have enough assets to equal the value of your business, you could purchase a life insurance policy and name the other siblings as beneficiaries to equalize their inheritance.

Fund a Buy-Sell Agreement
Under a typical buy-sell agreement, co-owners of a business each take out a life insurance policy and make the other owner(s) the policy beneficiary. When an owner dies, the surviving owner(s) use the policy proceeds to buy the deceased owner's share of the business.

When there are multiple owners, an entity purchase agreement may be used. Under an entity purchase agreement, the company owns insurance policies on the lives of the owners. When an owner dies, the company receives the death benefit and uses it to buy the deceased owner's share from his or her estate.

Talk to Your Family
Your plans for your business and your family's inheritance shouldn't be a surprise. Tell your family what you're thinking and ask for their opinions. Family members may make valid points that you didn't consider.



Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Centuria Financial Group is not affiliated with Prudential Financial. Centuria Financial Group sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Centuria Financial Group is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Centuria Financial Group and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Sara E. Martin and Jennifer McCabe are employed by David McCabe and not The Prudential Insurance Company of America or its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Centuria Financial Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.