Business Liquidation Insurance: How to Prepare for the Worst

The decision to liquidate a family-owned business is not one to be taken lightly. The death of a business owner, or a situation where the owner becomes disabled and is no longer able to manage business operations, can cause family members to feel pressure to divest themselves of business assets. This can have long-ranging negative … Continue reading Business Liquidation Insurance: How to Prepare for the Worst

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How to Use a Split-Dollar Life Insurance Plan for Your Business

Not a type of insurance policy, per se, a business split-dollar life insurance plan is used by a business when an arrangement allocates that a life insurance policy benefits and premium costs are made between an employer and a valued employee. Typically, an employer assists certain employees in purchasing a business split-dollar life insurance plan. … Continue reading How to Use a Split-Dollar Life Insurance Plan for Your Business

Critical Illness Insurance: What You Should Know

In our last blog post about protecting financial assets in critical illnesses, we introduced critical illness insurance. This article will dig deeper into these unique and specialized insurance plans, which may be a good solution for those who worry about financial security if faced with a life-threatening illness such as a stroke, cancer, or a … Continue reading Critical Illness Insurance: What You Should Know