Key person life insurance is a policy a business owns on an employee or owner whose loss would seriously damage it. The business pays the premiums and is the beneficiary, so if that person dies, the death benefit gives the company cash to absorb the lost ...
When a business partner dies, their share of the company does not automatically become yours. It passes to their estate and then to their heirs — a spouse or children who may have never worked a day in the business. Whether you keep control depends almost ...
A buy-sell agreement is a binding contract among a business’s owners that fixes in advance what happens to an owner’s share when they die, become disabled, divorce, retire, or leave. It obligates a sale at a preset price, and works only when it is funded ...
Is whole life a better home than bonds for your "safe" money when rates are rising? For the dollars whose job is to sit stable until you turn them into income, yes. A rate spike cuts a bond's market value, and in a bond fund it becomes a realized loss. A ...
Probably yes — if the business has grown since you bought the policies and nobody has re-matched the death benefit to today’s value. A buy-sell obligates a sale at the current price, but the life insurance funding it was sized to an older, smaller number. ...
Every so often the internet decides a financial product is the answer to a problem for one reason and one reason only — its name. Treasury Inflation-Protected Securities are the textbook case. They have the word inflation right on the box, so the moment p ...
