Dead Peasants Insurance and What This May Mean to You

Posted on Leave a commentPosted in Business Continuation, Insurance, Key Person Insurance

For many years, companies have purchased and owned life insurance policies on key personnel considered essential to the business.  In the event of a key person’s death the Company-Owned-Life-Insurance (COLI) policy would pay a tax free benefit to the business – to help fund the business through the transition, recruit a replacement, buy out the […]

Top 10 Considerations when Buying Long Term Care Insurance (LTCi)

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Your personalized Plan Design will reflect four important selections: Amount. The maximum daily or monthly benefit.  (Choose monthly. ) Period.  The number of days or months the benefit will apply.  (Maximum ten years.) Inflation Protection. Elimination Period.  The amount of time you will wait after eligibility and before benefits are paid. Listed below are the ten […]

A Quick Summary: Term Life Insurance

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In this brief Paramus Post guest article, the writer points out how term (temporary) life insurance compares to whole life (permanent) protection. Holding both resident and non-resident licenses, I am available to answer your life insurance policy questions. Call 800-503-1972 or Schedule a Complimentary Consultation

Buy-Sell / Business Continuation Plans Part 1 of 5

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The Basics of Buy-Sell / Business Continuation Planning Part 1 of 5 A Buy-Sell / Business Continuation Sell agreement should be considered in every closely held business. This agreement, or arrangement, defines the disposition of an owner’s interest in the business, yours or a partner’s, upon the specific triggering event such as a partner’s death, […]