Business Life Insurance

Do you have employees that make a significant impact to your bottom line?  What would happen if your business partner passed away suddenly tomorrow?

Life insurance is a tremendous financial tool to use for ensuring the continuity of your business and protecting those you love.

At Preferred Insurance, we understand that your personal and financial situations may change, so our team will work with you to ensure that you have the strategies and solutions in place that are right for you and your business.

A life insurance policy can:

  • Guard your business in a variety of ways, such as
    • Covering the loss of a key employee
    • Executing your succession plan
    • Unlocking your company’s value for retirement purposes
  • Shield your family from financial risks
  • Provide income to pay expenses, such as
    • Burial costs
    • Care for a spouse, child, or parent
    • Emergency costs
    • Mortgage payments
    • Tuition for higher education
    • Offset the impact of estate taxes
    • Create additional wealth for your family or a charity you support

Through our affiliate insurance providers, Preferred Insurance is able to offer a variety of life insurance plans that can be customized to suit your individual needs. We work with you to ensure you have the right policy that fits your budget.

Life Insurance Services

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Key Person Insurance
  • Buy/Sell Agreement
  • Loan Protection

Learn more

  • How Much Life Insurance Do I Need? Know your coverage, know your risk To find the right amount of coverage, it’s important to weigh your dependents’ current lifestyle and spending needs against their future sources of income and assets. Based on some basic financial information, such as your current annual gross salary, the number of years until retirement, and your short-term and long-term ...

What Our Customers Say…

Shapiro & Duncan Mechanical Contractors

Shapiro & Duncan is a third generation family-owned mechanical engineering, HVAC, and plumbing contractor serving the Washington DC area since 1976. Preferred Insurance’s extensive experience in construction industries is invaluable to us. They have delivered knowledgeable advice to our company for the past ten years. The team at Preferred Insurance is always available to answer our questions. If they don’t immediately have answers, they know where to find them. I am completely satisfied with their service.

Sheldon ShapiroCEOShapiro & Duncan