Podcast episodes lead to audio / video snippets that can educate and inspire. These are the audio snippets from Life Settlement Specialist, Jamie Mendelsohn. Jamie was featured on our podcast Entrepreneur Perspectives | Episode 022. In every podcast episode, the things our guests say become knowledge for us (you). The audio snippets we share inspired…
We crown champions in sports when they win their league. Most recently, the New England Patriots won the Super Bowl and the Clemson Tigers won the College Football Championship. In the real world, there are other ways to be a champion. Responsible parents are champions, in our book. Part of being a responsible mother or father is…
Life insurance is one of those topics most people would rather not talk about. I get it—and I’m in the life insurance business! But even if we would rather talk about something else (sports!), it’s easy to see why someone with a family and a lot of financial commitments needs this type of protection. When…
It’s amazing how ideas and stories find their way into people’s heads, and then through conversation, email, social media and rumors, those ideas (non-factual) become perception. That perception is real and that is all that matters. The sad truth is that many people believe the cost of life insurance is more than double of what it actually is. So…
Northwestern has just announced that they will reduce dividends from 5.45% to 5%. That is a major drop. It impacts not only new business but in-force business, including policies sold years ago. And, for reasons I’ll explain, the other mutual carriers (think Mass Mutual and New York Life, among others) are likely to follow suit…
Stories are at the heart of life insurance. We have all heard touching and tragic stories as it relates to life insurance. This story comes from an agent affiliated with our group. A client of his was buying a life insurance policy and had a need for $1,000,000. The client felt $500,000 would be adequate. After being educated on why the need was…
With open enrollment just ending for 2016, many questions remain about the future of the Affordable Care Act (ACA). While the legislation was intended to create accessibility and affordability, there is now much uncertainty about the future of health insurance. While varying widely across state lines, the number of carriers providing individual health insurance over…
37% of Americans with children under 18 do not have any life insurance, according to an alarming new poll. And of those who do have insurance, roughly a third have no more than $100,000 of protection. This means over 20 million households with dependent children either don’t have any life insurance or don’t have close…
Have you ever noticed the way life does not slow down? You have to constantly keep in motion – should your important life insurance policy suffer as a result? Being a life insurance policyholder means you know how important having protection is, for you and the people you love. Keep that protection suited to your…
There are multiple ways you could fund a buy-sell agreement. We will explore 4 methods below: Life Insurance: A common method of funding buy-sell agreements is taking out a life insurance policy on the present business owner or owners. Following an owner’s death, this common, cost-effective method, makes cash available. Be aware that it is…
What Are Buy-Sell Agreements? Buy-sell agreements are a business strategy that creates a legally binding contract between two parties, where one party sells business interest to the other when there is a specific event or situation – such as an owner or major investor’s death, disability, or retirement. What Problem Do They Solve? A buy-sell…
The special needs trust is for those people who want to leave property, assets or money to beneficiaries who are disabled. It is a valuable tool to ensure the eligible beneficiary still receives Medicaid Benefits and SSI (Supplementary Security Income). It is a far better option to consider as compared to leaving cash. Leaving any…
If you are already insurable, an Irrevocable Life Insurance Trust (ILIT) could be a good option especially for those seeking to pass wealth to their beneficiaries while avoiding estate taxes. Life insurance owned by an insured will be included in their taxable estate. For some this is not an issue, but for others it can…
One of the most widely talked about issues with business owners is what happens if one of the owners dies. However, a large number of small businesses do not have proper planning in place. A buy/sell agreement that is funded can provide the business owners and their families peace of mind. However, if there is…
