Investors, VCs, and Austin accelerators will fund your company. What they won't tell you: co-founder death without a funded buy-sell agreement can dissolve a company faster than a down round. Tower Hill builds the business protection layer that Austin's startup community doesn't talk about but desperately needs.
Three reasons Austin business protection clients trust us with their families.
When a co-founder dies, their equity goes to their estate — often a spouse or family member with no interest in running a startup. A cross-purchase buy-sell agreement funded by life insurance gives you the legal and financial tools to keep control.
Many Austin VCs now require key person insurance as a condition of investment. Tower Hill structures these policies to satisfy institutional investor requirements while protecting the founding team simultaneously.
From CTOs to enterprise sales leads, Austin's talent market is fierce. A key person policy on your most critical hire creates a financial buffer if they're suddenly unavailable — no matter the reason.
Three tiers of coverage — choose what fits your Austin life and budget.
Yes — many Austin VCs require it as a condition of term sheet. Tower Hill can structure a policy quickly that satisfies standard investor requirements while protecting the founding team.
Each co-founder holds a life insurance policy on the other co-founders. At death, the surviving founder uses the death benefit to buy out the deceased's equity from their estate — maintaining control without a forced company sale.
Yes. Both entity-purchase (the LLC owns the policies) and cross-purchase (members own policies on each other) structures work for Austin LLCs. Your attorney and Tower Hill advisor coordinate the design.
Common formulas: 5–10× the key person's compensation, or a percentage of company valuation attributable to them. For investor-required coverage, the VC term sheet often specifies a minimum.
Separate business overhead expense disability policies cover operating costs if a co-founder is disabled. Tower Hill can coordinate key person life and disability coverage into a single business protection plan.
Tower Hill serves all major Texas markets with licensed advisors and instant coverage decisions.
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