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Your IRA Can Help You Pay for Your Health Insurance Premiums Keeping up on health insurance premiums while unemployed can be difficult. Especially since a lot of people choose COBRA and the premiums for COBRA are usually much more expensive than what one was previously paying through their employer. Under most cir... About Tue, 09 Mar 2010 20:46:50 +0000 Weekend Insurance Tip: Learn About Medical Sharing There is no doubt most Americans agree that health care costs are way out of line and it is next to impossible to find a low cost alternative health insurance choice. The reasons for this are numerous and, just like the price of gas, we just have to deal w... About Sat, 06 Mar 2010 20:45:20 +0000 Life Insurance with No Medical Exam? Yes, But You May Pay. According to www.doityourself.com, some people mistakenly choose special life insurance policies that do not require a medical exam. Byron Udell states in the article, "While it may be more convenient to buy insurance that way, it will cost you a fortune ... About Tue, 02 Mar 2010 22:32:29 +0000 13 Savings Renter's Insurance Renter's insurance is already a good deal since it is very inexpensive, but why not save more? Just because the first renter's insurance quote you get is inexpensive, don't hesitate to shop around because you may be able to get a better deal. Check out t... About Tue, 02 Mar 2010 22:32:29 +0000 Filing Police Accident Report Filing a police report after a car accident is an important step in making sure all the details of the car accident are reported. Filing the accident report will not only provide your insurance company with a basis on how to properly handle your claim but... About Tue, 02 Mar 2010 22:32:29 +0000 |
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Business Owners
There is always one topic that disturbs us greatly when working with business owners. It is always in the forefront of our minds, however, most business owners are so busy working and building their business that something so simple very frequently is overlooked. The topic that I’m referring to is a Buy-Sell Agreement!
Some of the most disturbing facts about a Buy Sell Agreement are:
- Approximately 69% of all business owners Do Not Have a Buy-Sell Agreement in place.
- If an agreement is not in place, some businesses suffer failure if one of the partners should die prematurely.
- A Buy-Sell Agreement is simple to explain and implement.
- Many business owners don’t really know what the value of their business is because they have never had a business valuation done.
- Typically Buy-Sell Agreements are funded through Life Insurance Policies.
If you are a business owner and some of the things listed above pertain to you, I’m sure that is disturbing to you as well.
Don’t put it off; take the time to look into this. It could have an effect on you, your family, your partners and the business.
If you would like some free and personal insight into this subject please contact us.