Big changes may be coming to the retirement planning process, thanks to an Executive Order signed by President Donald Trump in August 2018. The Order is designed to help Americans save for retirement by allowing them to keep their accumulated savings in tax-deferred accounts for a longer period of time, and by allowing smaller business … Continue reading Executive Order May Shape the Future of Retirement Savings
In the first part of our two-part series on business loan insurance solutions, we introduced the concept of these life insurance plans and how they can provide advantages to businesses of many types. We contrasted unincorporated versus corporate business interests, went over the financial hardships that may be experienced in a business owner’s untimely death, … Continue reading How Business Loan Insurance Plans Work (Part 2 of 2)
Businesses all over the world rely on loans to establish new ventures, inject capital into growing operations, or to fund many other aspects of the overall business. Business debt is part of the cost of doing business, and creditors may require that closely-held corporations personally guarantee repayment of this debt. Small businesses, especially with sole proprietors … Continue reading Is Business Loan Insurance Required?
Estate planning is an important part of the financial picture. Planning for what will happen with your assets after you’ve passed away can set the stage for a comfortable future for your loved ones, even if you are no longer there to provide for them. In the estate planning process, you may come across the … Continue reading What Are “See-Through” Trusts?
Companies around the world insure their assets with business insurance. This is designed to protect from financial losses arising from property and equipment damage or destruction, such as in the case of certain natural disasters. Protecting key employees, however, is a commonly-overlooked area for many firms. Most people know that successful businesses are made up … Continue reading Key Employee Indemnification Insurance Policies, Explained
In our first article about business expense protection, we discussed the odds of a business owner becoming disabled at some point in his or her career. We also talked about typical business overhead expenses and the potential funding sources that can be used to pay for these expenses while the owner is disabled. We also … Continue reading How to Safeguard Your Business with Overhead Expense Protection
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