Blog Elements – Page 4 – Financial Advisory

Protection is key to running a successful business; business continuation plan is to be reviewed on a regular basis to ensure that the business or owner(s) when faced with illness and/or injury, have a steady flow of income to help keep the business running whiles owner(s) recuperates.

This allows business operations to continue until the insured owner either returns to work or makes a decision regarding the future of the business.

Business overhead expense insurance is designed for self-employed professionals and small business owners typically with less than five employees where the enterprise depends on the ability of the owner(s) to generate income and pay the bills.

It is most vital for businesses and practices in which the owner’s ability to generate income makes the difference between the office being open or closed for business—for example; physicians, lawyers, accountants, engineers, and others.

If a small business owner or a co-owner becomes disabled and unable to generate income, business overhead expense insurance can help:

Cover Fixed Expenses: cover ongoing fixed expenses such as rent, property taxes and utilities.

Running Your Business: Pay salaries to retain valuable employees and keep your business running.

Plan Summary & Features;

Ages 18-60 eligible to apply

Non-cancellable until age 65 (conditionally renewable after age 65)

Benefit payments are available for 15 or 24 months

Benefits can start after only 15 days of disability

Premiums may be tax-deductible as a business expense

You can increase your coverage at a later date

Return to work assistance is available

Business-Overhead-Expense Summary Download

There are a lot of factors to be considered when developing the right strategy for your investments goals, such as your investment time frame, your current age, the need for capital/income and risk tolerance are big factors in setting your correct mix or allocation. There’s a broad range of products or solutions to deplore to accomplish this, and ensuring that it reflectss your evolving financial needs at various stages in life.

There’s no shortage of information on the web. The internet is full of information to help you do your research, but there’s no specific, customized information/strategy to help you deep dive into your own unique circumstances and finding the right solutions to you and loved one’s needs, goals, and aspirations, unless you want to spend most of your precious family/friend time – to not enjoying your life and keep figuring things out and not leveraging the knowledge of experts who are schooled in that field. We are at our best when we dedicate time into our craft. Never lose sight of the main reason you’re investing in the first place; to achieve some goals that you’ve set for yourself and perhaps your loved ones or cherish desires. Complete financial planning isn’t just about choosing investments; it should be about what you want out of life. We know that some of life’s crisis can’t be avoided, but we believe that talking about money matters and taking control of one’s finances can help eliminate the worry and uncertainties that can result when these matters are neglected.

I’m always remembered of these two certainties in life; Death & Taxes! What benefits is it to you if you can’t keep more of your earned money, and consequently leave no legacy or make a meaning impact in someone’s life or the community that you once lived in!

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Business Continuation plan in the event of ……

Five approaches to achieving the right asset mix for your portfolio

Business Continuation plan in the event of ……

Five approaches to achieving the right asset mix for your portfolio

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Business Continuation plan in the event of ……

Five approaches to achieving the right asset mix for your portfolio

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