If you already have a thriving, growing business or are just starting out, it's critical to write a BUSINESS PLAN. When I say WRITE, I actually mean WRITE. Putting down thoughts on a few scrap sheets that are scattered around...
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Your Business And The Federal Debt
As I write this entry, our federal debt is a stunning, unthinkable $19.3 TRILLION. Currently projected to reach a staggering $20 TRILLION by year's end. (Source: www.usdebtclock.org.) Why is it building, what can be done and most importantly how does...
It’s The Law
In our last article we dealt with handling an accident and or sickness with a Waiver of Premium to keep your Life Insurance policies in-force when you're income is severely limited. In short, we are talking about a very modest...
Planning For The Unknown Continued
Investment in Risk Management solutions solves many critical areas for the business owner. Previously we discussed how Life Insurance as a Risk Management Program solves two important factors for the business owner, passing on at the wrong time and supplemental...
Planning For The Unknown
Previously we discussed how Life Insurance can help plan for many life's challenges; death, disability and retirement. It's obvious that Life Insurance provides a lump sum amount of capital. Yet sometimes people overlook the concept that Life Insurance can provide...
Planning For The Unknown
Why would anyone want to plan for the unknown? As you no doubt know, life happens and you often meet unexpected challenges. So it makes sense to plan for the unknown. We never know what life will throw at us...
Buying Term And Investing The Difference
Let's say that while you like the concept of Whole Life Insurance because it accumulates cash value. However, you have difficulty in accepting the higher premiums that's involved. What can a business owner do? One program that I have...
The Debate On Premiums
Let me begin by emphatically saying that whatever the clients' objectives are, that is what the advisor must absolutely adhere to. So it goes without saying that if the client wants Term Life Insurance that is what my team and...
The Debate Begins
Whether or not you choose Term Life Insurance or Permanent Cash Value Life you must first remember that your Life Insurance policy is quite literally A LEGALLY BINDING CONTRACT. So you must understand that there are four (4) parties to...
The Debate Rages On
In our last article we discussed the concept of investing 10% of your net income per month into the many areas of your Business Succession Plan. I suggested to concentrate on your Buy-Sell Plan as that covers not only the...