Browse: Home / buy/sell life insurance
By Ed Hinerman on April 26, 2012
My mother never told me running a small business was easy. In fact it went something more like, “wouldn’t you be better off getting a real job?” I wrote that in 2007, one of the first posts to this forum. I have been self employed since 1978, most of that in life insurance and she’s ...read more
Posted in business life insurance, buy/sell life insurance, insurance, life insurance, term insurance | Tagged bailouts are gone, business life insurance, business succession plan, businesses change rapidly, future in jeopardy, insurance, last 4 years economy, life insurance, more than one policy, protecting our family, term life insurance |
By Ed Hinerman on April 7, 2012
Being a small business person myself I know that there are plenty of opportunities to bust your budget if you take everyone’s advice, get all the best bells and whistles and make your business 99.99% bombproof. It’s funny to see success draw the vultures in. My website, this blog, used to have quite a bit ...read more
Posted in business life insurance, buy/sell life insurance, customer service, executives, insurance, International Business insurance, life insurance | Tagged aspiring purchaser of business, business buy/sell life insurance, business life insurance, business succession, business succession life insurance, business succession planning, insurance, key person, key person life insurance, key service provider, life insurance, lost revenue, part ownership, partner, SEO, sole proprietor, sole proprietorship sales value, stock repurchase agreement, value if you die, value of your business |
By Ed Hinerman on February 16, 2012
If you make $300,000 or less then this post is probably not for you, unless you can envision a time when your income is higher. Traditional disability income insurance will pay, at most, 65% of your income as a benefit, theoretically what you would net post taxes. This means that the maximum benefit at $300,000 ...read more
Posted in bipolar disorder, business life insurance, buy/sell life insurance, civilian contractors, disability income, insurance, prostate cancer | Tagged $250k a month benefit, attorneys, dentists. executives, disability for entertainers, disability for professional athletes, disability incomce insurance, disability income, disability income cap, high limit disability income insurance, highly paid surgeons, income in excess of $1 million, insurance, physicians, restrictive disability insurance, supplemental disability income insurance, traditional disability income |
By Ed Hinerman on February 6, 2012
I have clients all over the Middle East doing everything from engineering to Afghan translation to security services. I have been working with a company out of Argentina that has oil field crews working revolving shifts in Iraq and it looks like we will have the policy issued on that tomorrow. I love it when ...read more
Posted in accidental death, business life insurance, buy/sell life insurance, civilian contractors, Civilian War Zone Coverage, disability income, insurance, life insurance, Lloyds of London, professional athletes | Tagged accidental death and dismemberment, business life insurance, CEO, Commercial pilots, disability income insurance, group or individual plans, high limits, inusrance, life insurance, missionaries, professional athletes, war zones, world wide |
By Ed Hinerman on January 19, 2012
As a business person I have become accustomed to wanting to deduct everything I can. If there was a way to deduct the air that is used in my office every day I would be installing an air gauge. Life insurance benefits are income tax free which is like the 8th wonder of the world ...read more
Posted in business life insurance, buy/sell life insurance, Infinite banking, insurance, life insurance, whole life | Tagged business life insurance, CEO's, death benefit income tax free, Executive bonus plan, executives, fully tax deductible, infinite banking, insurance, key employees, life insurance, premium tax deductible as bonus, retirement, Section 162, selectivelly offered, supplement benefits, whole life |
By Ed Hinerman on January 4, 2012
Did you know that you have the right to name a second person to receive bills and notices for your life insurance policy? I have no idea what the number really is, but I am betting the number of death benefits that aren’t paid every year due to a policy lapsing accidentally is significant. This ...read more
Posted in business life insurance, buy/sell life insurance, death benefit, insurance, lapse, life insurance, reinstatement, senior life insurance | Tagged accountant second addressee, Afghanistan, attorney second addressee, beneficiary as second addressee, business life insurance, buy/sell agreement, buy/sell life insurance, can be reinstated, has lapsed, insurance, lapse, lapse notice, life insurance, premiums, reinstatement offers. suicide death benefit payable, second addressee, second addressee with parents, senior life insurance, will be lapsing |
By Ed Hinerman on December 7, 2011
Big giant disclaimer. We have found several highly rated US life insurance companies that will write foreign nationals living in the US and foreign nationals living outside the US. I have kept this fairly low key until I worked through a few cases, one in Jamaica, one in India and one in Bermuda. This isn’t ...read more
Posted in business life insurance, buy/sell life insurance, cancer, Foreign National Life Insurance, foreign nationals, Infinite banking, insurance, life insurance, whole life | Tagged attorneys, business ties to US, CEO's, company owners, executives, financial justification, foreign national life insurance, foreign nationals, high net worth individuals, highly rated US companies, infinite banking, insurable interest, insurance, international buy/sell life insurance, life insurance, multi national business insurance, physicians, professional athletes life insurance, professionals, reason for US policy, strong ties to the US, the process |
By Ed Hinerman on November 7, 2011
Without proper business life insurance in force the family of a deceased partner in a business could stand to lose the portion of the business that their loved worked long and hard to create, and to leave as a legacy. A succession plan for a business, whether a buy/sell plan in a partnership, a stock ...read more
Posted in business life insurance, buy/sell life insurance, foreign nationals, insurance, key man insurance, life insurance | Tagged business life insurance, business succession plan, buy/sell plan, foreign national, foreign national business partner, foreign national stockholder, impaired risk life insurance, international business, inusrance, Jamaica, key person, life insurance, liquidate the company, Lloyds of London, multi national business, stock redemption plan |
By Ed Hinerman on October 28, 2011
I remember when a one world economy was the stuff that movies and books were made of. Conspiracy theories were rampant about a global economy kind of being the beginning of the end. So, the reality is that we are there. That is us. There are certainly plenty of home grown US companies still here ...read more
Posted in accidental death, business life insurance, buy/sell life insurance, insurance, International Business insurance, key man insurance, life insurance, Lloyds of London | Tagged business AD&D, business disability, business life, business succession planning, global economy, insurance, international business, international parnerships, life insurance, Lloyds of London, made in America, one world economy, Russia, Spain, US |
By Ed Hinerman on October 25, 2011
Impaired risk life insurance has always been the cornerstone of our business. That decision to take the life insurance agent path less traveled has proven to be a blessing for our clients and for me. The majority of agents are after the majority of clients. Clients who have never had a health issue and don’t ...read more
Posted in business life insurance, buy/sell life insurance, executives, Foreign National Life Insurance, foreign nationals, foreign travel, insurance, key man insurance, life insurance | Tagged application process, Bermuda, business owners, CEO's, executives, impaired risk companies, impaired risk life insurance, insurance, international business, Jamaica, life insurance, Mexico, professional athletes, professionals, prostate cancer |
