TILIS Insurance & Financial Services Inc.

Tilis Insurance & Financial Services Inc. designs personalized income protection plans for income replacement in the event of a long-term disability.

IncomeYou Know What It Takes...

You set goals, work hard, and then measure results.

Partners

Successful people like you know what it takes to build a business. Your success is crafted on careful planning and a lot of hard work. Your business has grown, but so have your commitments. You have responsibilities to your staff, who rely on you for guidance; to your partners, who need your special talents and skills to complement
theirs; and to your family, who are dependent on the income that comes with your success.

Success Can Be Fragile

As you know, most small businesses are started and nurtured by one person or a small number of partners who all bring unique skills and talents to the enterprise, each contributing to its success. The synergy of partners is a fragile thing, and the loss of one key person can ruin a successful business. That's why your business needs protection from the often-devastating financial effects of having to replace a valued partner in the event of that individual's premature death.

Buying Time

Your death or that of one of your partners could have a very negative effect on the health of your business, depending on how that individual was perceived by outsiders, whether creditors or customers. They often see the death of the owner or a partner as the end of the business. As a result, lenders might call their loans and customers may take their business elsewhere. Does your business have a balance sheet strong enough to withstand this type of shock? If not, you need a cushion to get your business through such difficult times. The proceeds from a Transamerica's Advantage Life insurance policy will buy your business valuable time to find and train a replacement for you or your partner.

Funding Your Buy/Sell

If you're in business with a partner, you should have a buy/sell agreement that deals with the dispersal of your or your partner's share of the business at death. These agreements usually make provision for the remaining partner to buy the shares of the deceased partner. The cash from the sale of the business will probably be needed by the deceased's family to replace the income that has been lost by the business partner. The transfer of shares means that the remaining partners can carry on operations without interference from the heirs, who probably can't replace the skills and talents of the lost partner. An Advantage Life policy from Transamerica can ensure there's money available to fulfill the requirements of the buy/sell agreement.

Talk to Your Accountant

Professional financial advisers recognize life insurance as the best method of funding buy/sell agreements. The event that creates the need for cash--the death of an owner or partner also provides tax-free cash to pay for the ownership transfer.

An Insurance Plan You Can Tailor to Fit Your Business Transamerica's Advantage Life is an affordable and flexible way to help protect your business assets. It lets you tailor your policy to meet your specific financial requirements, whether you are on your own or working with several partners. And as your needs change, Transamerica's Advantage Life can change with them. You can add coverage and riders. If you have an emergency and need extra money, you may be able to decrease your premiums or use your policy as a source of funds.

Business insurance is a necessity. But what's in it for you? With many insurance contracts, nothing. But an Advantage Life policy from Transamerica can be set up as inexpensively as a term plan. You can choose low premiums in the early years when your business is growing and, as tax planning becomes a priority, elect to increase your premiums to accumulate a pool of Tax-deferred money in your policy account. It's that flexible.

These features are part of your policy.

• You can... make additional premium contributions that will help increase the tax-deferred Accumulation value of the policy or even allow you to stop paying premiums altogether.
• You can... choose from 16 different interest options to achieve just the right mix of assets--and Change your mix any time.
• You can... insure numerous partners on one Advantage Life policy.
• You can... change the lives insured under the plan.
• You can... use our 5-, 10- and 20-year term riders to increase your insurance protection while keeping your costs to a minimum.
• If you'd like to know more about Transamerica's Advantage Life and how it can help you, contact your Transamerica representative today.