Having a small business often means that it is the only income available to support a family. Fluctuations in business can result in money being tight at times. In the event of the business owner dies, the family can suddenly be put into dire straits financially, with the only way out being to sell the business quickly. One way to prevent that problem is by purchasing life insurance.
If you have life insurance, you can use it several ways to prevent an emergency financial situation. The primary way it can do this is because life insurance claims usually get paid quickly, providing quick cash for the survivors.
