RENT vs OWN LIFE INSURANCE | INSURESMITHS

Investsmiths Podcast

English - May 15, 2022 16:00 - 6 minutes - 4.7 MB
Investing Business Entrepreneurship Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: LIFE INSURANCE IS AN INVESTMENT | Q & A with Kellia Financial

Next Episode: HOW TO INVEST IN A BEAR MARKET IN 2022 | History Repeats Itself

Life insurance also may be left to the company to provide a financial cushion to the company in case of a lost of an active owner or key employee

Life insurance is also utilized to provide cash to equalize the inheritance of a family

Where only one of the children inherits the company

And finally to provide cash to pay federal estate taxes

So that the company doesn't have to be sold to pay the tax liability

The uses of life insurance is to keep business in business, families financially secure, and americans employee

A properly designed insurance program is essential to a financial plan as a strong foundation is to a home

Do it right and the future is secure.