• Business Continuation Insurance - header

Business Continuation Insurance

Next Steps

  • Call 800-960-7914

Business Continuation Insurance is designed to protect your family and business partners from a crisis sale of your portion of business assets in the event of your death. Two common arrangements drafted as Buy-Sell Agreements are:

  • Entity Purchase, in which your business is the owner and beneficiary of a life insurance contract. At your death, the business uses tax-free proceeds to purchase your business interest from your estate
  • Cross Purchase, in which each business owner purchases a life insurance contract on the life of the other owner(s). At either shareholder's death, the surviving shareholder purchases the deceased's shares from his or her estate


Product Benefits

  • Provides liquidity and orderly disposition of your business interest in a timely manner
  • Allows business owner(s) – not the IRS – to establish the sale price of your business before your death occurs

Insurance Products

  • Not A Deposit  
  • Not Guaranteed By The Bank Or Its Affiliates  
  • Not FDIC Insured  
  • Not Insured By Any Federal Government Agency  
  • May Go Down In Value  
  • May Be Purchased From Any Agent or Company and the Customer's Choice
    Will Not Affect Current or Future Credit Decisions

Personal and business insurance products are available through First Horizon Insurance Services, Inc. (FHIS), a subsidiary of First Tennessee Bank National Association (FTB). CA License #OD12174. In Tennessee and Mississippi, personal and business insurance products are available through First Tennessee Insurance Services, Inc. (FTIS), a subsidiary of FTB. FTIS and FHIS may transact insurance business only in the states where they are licensed or where they are excluded or exempted from state insurance licensing requirements.

Read additional information about insurance privacy policies and practices for certain states.


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Federal Deposit Insurance Corporation Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. Logo_Equal_Housing_LG Equal Housing Lender.