8 Clever Uses of Life Insurance by Business Owners

uses of life insurance

Very few people say they love buying or the process of purchasing life insurance. Who wants to discuss the eventual demise of oneself? Certain situations rely upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner. There are, however, clever uses of life insurance by business owners that are predicated … Read More

Why Using Private Medical Clinics May Cost you More for Life Insurance

private medical clinic

Using Private Medical Clinics May Cost you More for Life Insurance. If you use a private medical clinic –  like Medcan, Medisys or The Cleveland Clinic –  it may cost you more for life insurance. In some cases, it may cause a postponed decision or an outright decline by an insurance carrier.  This may not seem significant to some, but … Read More

Why It’s Critical to Pay Attention to Your Beneficiary Designation?

beneficiary designation

Whether you’re taking a contract for your business or personally, naming a beneficiary is a valuable feature of life insurance and segregated funds policies so it is important to carefully choose your beneficiaries.  Have you made any of these common mistakes with your beneficiary designation? Estate – the default choice Many people choose to name their “estate” as their beneficiary. … Read More

4 Key Things to Consider When Building Business Owner Wealth

business owner wealth

The Keys To Building Business Owner Wealth You’ve built a thriving and successful business. You continue to be profitable and continue to reinvest into your business while building wealth for your eventual retirement. You have a succession plan in place and a plan to exit the business at some point over the next 15 years. The plan is to work … Read More