People sometimes shy away from purchasing an Income Protection Plan. One reason is the cost of these policies and also the feeling of invincibility, "I'll never become disabled." However, let's look at some of the fine features of these plans...
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Life Happens
As a business owner, have you ever thought of someday driving to work and being involved in a near fatal car crash which sends you to the Emergency Room where you need immediate surgery and the Doctor says you will...
If You Had a Money-Making Machine………
If you had a money-making machine, would you insure it? I'm sure that everyone would answer "Yes." And rightfully so everyone should insure the money-making machine but unfortunately a majority do not. What I am referring to is insuring your...
Summary Review of Buy-out Options For Your Business Succession Plan
So far we've discussed many different buy-out options in your Business Succession plan. They revolve around three basic solutions; Term, Whole Life and the Blend. Let's do a quick summary review. Term Life: This is a pure protection...
Can You Use Index Universal Life in Your Business Succession Plan?
As we conclude our discussion on Indexed Universal Life as part of your Business Succession Plan, let's dig a little deeper into some important parts. This would include the Participation Rate and The Cap. The Participation Rate: If...
The New Concept In Funding Your Buy Selll Plan
One of the complaints in the financial services field is that Insurance companies are only out for a profit and their products are inferior to other avenues for investments. In many instances this may be true. However, with regards to...
A Totally New Concept in Funding Your Buy-Sell Plan
In our previous article called 'IF', we discussed the concept of investing in variable funds and not losing any cash value accumulations. So exactly how does this concept work? First let's discuss the basics of this policy. What is this...
Continued Conversation With Client
"Bob, I do have to admit I'm curious about this Variable Life Insurance policy. I've never heard of this before." "Well George, as I said, it's been around for about 30 years but not many are accustomed to use Life Insurance...
Conversation With A Client
"So Bob, I never heard that you could invest in funds in a Life Insurance policy." George H., my client, said with an obvious interest. "Is this something new?" I quickly responded by saying, "No George. It's actually been around...