Key person coverage, buy-sell funding, executive benefits, and group term — designed by a Texas-licensed advisor with 10+ years of industry experience. We compare 30+ A-rated carriers so your business gets the right protection at the best price.
Every Texas business is different. We design the right combination of protections for your structure, your partners, and your stage of growth.
If your top salesperson, lead engineer, or founder died tomorrow — how long could your business survive? Key person coverage pays your company up to $5M+ so you can recruit, stabilize, and recover.
When a partner dies without a funded buy-sell, their spouse or heirs inherit their share — whether they want the business or not. Life insurance automatically funds the buyout, protecting every partner.
Give key executives a benefit they actually value — personally-owned life insurance with growing cash value. Deductible to your business, portable for the executive, and fully flexible.
Offer employees $50,000–$500,000 in group term coverage as a voluntary or employer-paid benefit. Premiums up to $50K coverage per employee are 100% deductible. Employees love it.
SBA lenders often require life insurance as a condition of approval. We structure coverage that satisfies lender requirements while maximizing survivor protection — so debt doesn't die with the owner.
Non-qualified deferred compensation plans allow businesses to promise a future benefit to key executives, funded informally through a life insurance policy — a powerful retention and succession tool.
Most life insurance agents sell term life to families. Ty Taylor brings 10+ years of industry experience specifically in business insurance structures — key person, buy-sell, executive benefits, and deferred comp. We work alongside your CPA and attorney to get the structure right before placing the coverage.
How long does it take?
Most business cases under $2M with healthy principals are approved in 5–10 business days. Larger or complex cases (COLI, BOLI) can take 4–6 weeks for full underwriting.
Do I need an attorney for a buy-sell?
Yes — the buy-sell agreement itself is a legal document. Tower Hill handles the insurance funding; your business attorney drafts the agreement. We coordinate with both to ensure the insurance mirrors the legal structure.
Can we insure multiple partners at once?
Absolutely. We handle multi-life cases regularly. Cross-purchase structures insuring 2–6 partners, entity-purchase plans, and combinations are all available through our carrier network.
What if a partner is uninsurable?
Carrier options exist even with health impairments — guaranteed issue group coverage, graded benefit policies, or structured buyout clauses that don't require insurance. We find a path.
30+ A-Rated Carriers — We Compare All of Them
Key person insurance is a life insurance policy owned and paid for by the business on a critical employee or owner. If that person dies, the business receives the death benefit — providing capital to recruit a replacement, service debt, maintain operations, or distribute funds to partners. Most TX small businesses need $500K–$3M in key person coverage.
A buy-sell agreement is a legally binding contract between business partners that dictates what happens to a partner's share if they die, become disabled, or exit. Life insurance funds the buyout — when a partner dies, the surviving partners use the policy proceeds to purchase the deceased partner's shares from their estate. This prevents unwanted heirs from becoming business partners.
A Section 162 executive bonus plan lets a Texas employer give a key executive a cash bonus specifically designated to pay premiums on a personally-owned life insurance policy. The bonus is deductible to the business as compensation, and the executive owns the policy and its cash value. It's one of the most flexible and tax-efficient ways to recruit and retain top talent.
It depends on the structure. Key person premiums paid by the business are generally NOT deductible (and the death benefit is received tax-free). Executive bonus plan premiums ARE deductible as compensation. Group term premiums up to $50,000 in coverage per employee are deductible. Always consult a CPA — Tower Hill works alongside your tax advisor to structure the right solution.
Tower Hill compares 30+ A-rated carriers for business cases including Prudential, Lincoln National, Pacific Life, John Hancock, Principal, MassMutual, North American, Protective, and Banner Life. We match the carrier to your business structure — sole proprietor, LLC, S-Corp, or C-Corp.
It takes 15 minutes to identify the right business protection strategy. Start with a free quote — or call Ty Taylor directly to discuss your specific situation.
Tower Hill Corp · TX Agency License #2608479TX · All carriers A+ or A++ AM Best rated