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I utilize life insurance to not only provide a death benefit, but also provide funding in the case of severe illness and supplements to retirement ...
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No. Not practical and no children anywhere near here.
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No. Not practical and no children anywhere near here.
I do not have such insurance as I have health insurance and a supplement with Tricare, and I have an Indexed Universal Life insurance policy with living benefits so if I have a chronic, critical or terminal illness, I can access a portion of the death benefit at no extra charge.
I have heard...
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I do not have such insurance as I have health insurance and a supplement with Tricare, and I have an Indexed Universal Life insurance policy with living benefits so if I have a chronic, critical or terminal illness, I can access a portion of the death benefit at no extra charge.
I have heard that it has worked well for people though.
Obviously a warm referral is best; however, read "The Cold Call King" by Jon Robert Quinn. It is available at Barnes and Noble and on Amazon.
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Obviously a warm referral is best; however, read "The Cold Call King" by Jon Robert Quinn. It is available at Barnes and Noble and on Amazon.
Hi Rod, I like to put the individual in control; therefore, I show both products and give the advantages and disadvantages of each. This says that you have done your research and that you respect the person's ability to make a decision. Generally after your explanation, the individual will choose...
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Hi Rod, I like to put the individual in control; therefore, I show both products and give the advantages and disadvantages of each. This says that you have done your research and that you respect the person's ability to make a decision. Generally after your explanation, the individual will choose the right one for him/her. This way the person has had a choice and doesn't feel you have told him/her what to buy.
I agree. I don't think the IRS not consider that an employee. I know the law changed within the last year or two on who is responsible for "temp employee's" payroll expenses.
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I agree. I don't think the IRS not consider that an employee. I know the law changed within the last year or two on who is responsible for "temp employee's" payroll expenses.
I look for commitment to training both sales and product. If I get the impression they just want money, don't dress appropriately, use foul language or really have a "job" mindset, then I say no. Usually this will be evident in the first meeting just in the initial interview. I don't ask trick...
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I look for commitment to training both sales and product. If I get the impression they just want money, don't dress appropriately, use foul language or really have a "job" mindset, then I say no. Usually this will be evident in the first meeting just in the initial interview. I don't ask trick questions and I don't care about age, color or education level. Do they show respect for people.
Actually there are several ways to use life insurance in business. As stated above it can be used for the death benefit so if the owner passes away, the family or partners can use the money to continue the business and look for a replacement, and in a partnership pay the family in a buy sell...
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Actually there are several ways to use life insurance in business. As stated above it can be used for the death benefit so if the owner passes away, the family or partners can use the money to continue the business and look for a replacement, and in a partnership pay the family in a buy sell agreement so the deceased individual's family does not automatically become the new business partner. Also it can be used to provide bonuses to key employees, also known as golden handcuffs. There are several types of these plans. They can also be used as a retirement plan which may not be taxable depending upon the configuration. Also they can reimburse the insured for illnesses which may keep the person from working for a prolonged period of time requiring a replacement in the business. During this time depending upon the configuration, the business can use some of the money to hire a replacement instead of dipping into the business income. Cash value in the insurance can be used by the business to purchase equipment instead of getting a bank loan because no loan documents are required. There are others but these are the most common.
This depends on your need. Based upon income and age, insurance companies will only allow you to purchase up to a certain number of times your income. I do a needs analysis and an available funds analysis to make that determination. However, it also depends upon what the person wants to do with...
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This depends on your need. Based upon income and age, insurance companies will only allow you to purchase up to a certain number of times your income. I do a needs analysis and an available funds analysis to make that determination. However, it also depends upon what the person wants to do with it. Life insurance is no longer just about paying out upon death. Many allow income for life and income in the event of a chronic, critical or terminal illness. The companies I work with have no extra charge for this. Frequently, I use an Indexed Universal Life policy for income later and a term for the living benefits if needed. This way the IUL can be preserved for a sustainable income since it is designed to build cash value.