Exceptional advisors understand that a “key person insurance” clause within a purchase agreement requires a corporately owned key person life and disability policy to keep the company – and the deal – afloat.
This post explores how you can protect your business, employees, and lifestyle with the help of insurance products.
When creating an estate plan, entrepreneurs generally look to ensure their heirs and beneficiaries receive assets in a way that effectively manages and minimizes estate taxes, gift taxes, and other potential tax and administrative costs. This can be pretty tricky, depending upon the components of the estate, their value, ownership structure, and even the state where the assets, and the entrepreneur, are located. Learn more about estate planning and affordable alternatives.
Getting hurt can mean a significant financial setback to a professional athlete or worse, end a career. That’s why they should consider protecting themselves and their loved ones through the purchase of a form of disability insurance that addresses their unique needs.
Key-person disability insurance can offer an intelligent and economical solution to avoiding economic disaster. If done correctly, not only is the economic risk transferred to a third party, but the transfer takes place for pennies on the dollar.
