Like all small business owners, doctors with their private practice mainly focus on their day-to-day needs. However, what happens when you pass away should be a real concern for you and your family members. Do you want your private clinic and practice to remain a part of your family? Do you want a doctor in […]

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Deferred Compensation Plans Pros Cons Life insurance offers financial protection for billions of people all over the world. Life insurance policies are not only purchased by individuals, but they are also purchased by numerous companies and institutions, as they use these policies for multiple purposes, such as, to offer liquidity. Nevertheless, the rules relevant to […]

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When it comes to bank owned life insurance pre-purchase analysis, a variety of US Government agencies offer some advice, and some regulations, that make for a strong starting point. The FDIC makes the general, blanket recommendation that any bank interested in purchasing and holding BOLI policies, a detailed, high-quality, well thought out risk management plan […]

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Executive Deferred Compensation Plans One of the most important decisions that any successful business owner should makes is with regards to the types of executive deferred compensation plans he or she will put into place for company employees. In essence, a deferred compensation plan is a financial agreement that is usually established between employers and […]

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Bank Owned Life Insurance (BOLI) What do you think of when you think of “”life insurance””? Chances are, you think of life insurance that’s there to provide for an individual’s family and other loved ones, people who depend on that person’s income, in the event of his or her untimely demise. As the premise goes, […]

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Employer Owned Life Insurance Employer owned life insurance (EOLI) can be a boon for your business if you purchase policies on your key management employees. Why? Because if one of your essential employees dies, you can use the death benefit proceeds from your EOLI policy to keep your business operational. Use this “”financial cushion”” to […]

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Life Insurance On Employees Many people have the mistaken notion of associating life insurance with death. That is, you have to die in order to get the benefits. This is a myth that is preventing them from taking advantage of the many benefits of life insurance. In fact, life insurance is a powerful financial tool […]

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Company Life Insurance On Employees When you take out company life insurance on employees, you help your business in several key ways. Firstly, your shareholders can feel more secure that the company will stay solvent in the unfortunate event of an executive’s passing. Secondly, the benefit acts as a key incentive for your executives to […]

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