Life, Accident & Health
Our California license includes Life and Accident & Health alongside Property and Casualty, so these are lines we place directly rather than refer out — which matters most when the coverage is funding a business agreement.
Scope
The business-adjacent uses are where this most often gets neglected: a buy-sell agreement with no funding behind it, or a company that would not survive the loss of one person.
Detail
The document says the surviving partner buys the departing partner's interest. Life insurance is what supplies the cash to actually do it. Without funding, the agreement obligates a purchase nobody can make, at the worst possible moment.
Owners routinely guarantee commercial loans personally. If the guarantee survives you, so does the obligation for your family. Sizing coverage to the guaranteed balance is straightforward and frequently overlooked.
A 20-year level term policy does not expire — it becomes dramatically more expensive at the end of the level period. Reviewing three to five years ahead of that date preserves options while you still have them.
Free, confidential, and no obligation — with a written summary either way.
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Tell us what you are insuring and where it stands. If there is a non-renewal notice or an escrow deadline, say so — those move to the front of the line.
Prefer to talk? Call or text (305) 990-2753 or email team@haymakersre.com
FAQ
Yes. The California agency license (#6015336) includes Life and Accident & Health or Sickness alongside Property and Casualty, all active. These are placed directly rather than referred out.
A policy owned by the business on a principal or critical employee, with the business as beneficiary. It gives the company cash to absorb the disruption, recruit a replacement, and reassure lenders if that person is lost.
It depends on the time horizon and the structure of the agreement. Term is efficient for a defined period such as a planned retirement date; permanent coverage suits obligations with no end date. The agreement should be read before the policy is chosen, not after.
Related lines
Building, contents, and business income — written to the right valuation basis with a deductible structure you can absorb.
See coverage →Premises and operations liability for owners and tenants, plus professional liability where the work carries advice as well as labor.
See coverage →Ground-up and renovation coverage sized to hard cost and schedule, with soft costs and delay in completion where the loan requires it.
See coverage →NFIP and private flood for coastal, riverine, and post-fire debris-flow exposure — a peril standard property forms exclude entirely.
See coverage →Standalone earthquake and difference-in-conditions coverage — also excluded from every standard property form.
See coverage →Capacity above the primary tower — usually the cheapest limit you will ever buy relative to what it protects.
See coverage →