The Insurance Policy for Your Insurance Business | KazSource

The Insurance Policy for Your Insurance Business

Diversification of products, standing out, and creating unique content are all ways to insure your insurance business.   What do health insurance agents, benefit advisors, and property and casualty (P&C) agents all have in common? They are all working in industries that are being disrupted at a rapid pace. From government regulations to tech companies, various factors are…

Buy/Sell Agreements

Buy/Sell Agreement – Is It Funded?

Advisor: “Mr. Client, do you have a buy/sell agreement?” Client: “Yes.” Advisor: “Excellent.” Wrong! What good is a buy/sell agreement if it isn’t funded? How do you know if it is funded if you don’t ask? How do you propose a company that is worth $5,000,000 with illiquid assets fund a 50% buyout of the company with…

But What If…

It often seems like everyone you meet wants something. They want to make a sale, they want you to do something, they want and want. But what if… They just want something good for you? Is that possible? We all want something. In the world of insurance, agents want to sell life insurance. You’re cautious,…

4 Ways to Fund a Buy-Sell Agreement

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…

The 3 Whats of a Buy-Sell Agreement

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…