by Ed Hinerman | Mar 9, 2019 | buy/sell life insurance, key man insurance, life insurance
original post 12/2014, updated 3/2019 Not having business life insurance on a partner can create a devastating loss for a company. But, I don’t want to trivialize the need for personal life insurance. Not having a plan in place to patch the giant hole left when...
by Ed Hinerman | Dec 5, 2018 | business life insurance, Cannabis business life insurance, CEO life insurance, insurance, key man insurance, life insurance
For the next few weeks I am going to pick apart and try to make sense of business life insurance in all of its’ different forms. Just like personal life insurance, business life insurance is meant to take the burden off of a company in the same way that personal...
by Ed Hinerman | Sep 1, 2016 | business life insurance, CEO life insurance, executives, insurance, international medical insurance, key man insurance, life insurance
Life insurance protection should be considered any time that the the death of the principle of a business, whether the CEO, President, CFO, major shareholder or partner would have a major impact or cause some kind of financial chaos upon their death. We’ve...
by Ed Hinerman | May 4, 2016 | application process, business life insurance, buy/sell life insurance, CEO life insurance, HIV life insurance, HIV Positive, insurance, key man insurance, life insurance
Until very recently we have had to go almost exclusively to Lloyds of London for Key person, CEO loan collateral and buy/sell funding business life insurance when the client was HIV positive. There’s no need to beat redundant to death by going over all of the...
by Ed Hinerman | Mar 17, 2016 | business life insurance, buy/sell life insurance, CEO life insurance, insurable interest, insurance, International Business insurance, key man insurance, life insurance
The nice thing about having your own business is that, at least within the law, no one can tell you how to run it. We can recommend all we want that you flip those burgers just 15 seconds earlier or that you use gluten free beer in your beer battered fish filet, but...
by Ed Hinerman | Feb 22, 2016 | CEO life insurance, death benefit, insurance, key man insurance, life insurance, over 50 life insurance, retirement life insurance
Retirement in 1975 meant a gold watch or some other trinket and a check in the mail every month. That was 40 years ago and I suspect if you look far enough you can find people that still retire like that, but the new retirement norm is a whole different scene. And...
by Ed Hinerman | Jan 20, 2016 | business life insurance, buy/sell life insurance, CEO life insurance, income replacement, insurable interest, insurance, key man insurance, life insurance
There’s nothing quite like that feeling when life reaches a plateau where your job or your business are fun and making money. You’ve got it made or at least got it by the tail and now you can just work hard and put it on cruise control, right? I will be...
by Ed Hinerman | Jan 18, 2016 | application process, business life insurance, buy/sell life insurance, CEO life insurance, customer service, executives, insurance, International Business insurance, key man insurance, life insurance, loyal customers, partnership business life insurance
Who, if they left your company or died without adequate life insurance, would derail your company? Maybe it wouldn’t put you out of business but for at least a while you would experience chaos at a business level. It could be that the reputation of the CEO, with...
by Ed Hinerman | Oct 29, 2015 | approval, bipolar disorder, business life insurance, buy/sell life insurance, CEO life insurance, executives, insurance, key man insurance, life insurance, life insurance approval
The old saying goes, “Lack of planning on your part doesn’t constitute an emergency on my part”. But there are times, especially with business life insurance where all the planning in the world is derailed by the unforeseen and you need an agent who...
by Ed Hinerman | Sep 23, 2015 | business life insurance, buy/sell life insurance, CEO life insurance, executives, insurable interest, insurance, key man insurance, life insurance, partnership business life insurance
For those of us who own businesses at some point the question pops into our mind, “what happens to the company when I die”? If it doesn’t cross our minds, I assure you it will cross your spouse’s mind and at least the mind of the employees who...
by Ed Hinerman | Apr 8, 2015 | business life insurance, buy/sell life insurance, CEO life insurance, executives, high net worth, insurable interest, insurance, International Business insurance, key man insurance, life insurance
In all seriousness I hope you don’t ask yourself that question after the fact. Whether you are the President of the company or on the Board of Directors, or the Janitor you should know that the death of the CEO of a company can pass one of two ways, 1. Planned...
by Ed Hinerman | Mar 23, 2015 | beneficiary, business life insurance, buy/sell life insurance, CEO life insurance, customer service, executives, insurable interest, insurance, International Business insurance, key man insurance, life insurance
As a business person I can tell you that just the suggestion by someone that I should purchase something else to benefit my business makes me, well, underwhelmed with enthusiasm. I know the problem extends way beyond business and centers around the fact that there are...
by Ed Hinerman | Oct 29, 2014 | business life insurance, buy/sell life insurance, cash value, CEO life insurance, death benefit, insurable interest, key man insurance, life insurance, term insurance
There are definitely two schools of thinking on the subject of how to handle executive life insurance, especially key person policies. Just to put this in perspective, I’m kind of an old guy and I would call the idea of using cash value policies to fund key...
by Ed Hinerman | Oct 27, 2014 | business life insurance, buy/sell life insurance, CEO life insurance, executives, impaired risk life insurance, insurable interest, insurance, International Business insurance, key man insurance, life insurance
I get that business people get tired of hearing about all of the kinds of insurance they should be carrying because I am one. I carry more than what’s required by law in errors and omissions insurance just because of the litigious nature of our country. I err on...
by Ed Hinerman | Jun 18, 2014 | business life insurance, buy/sell life insurance, CEO life insurance, civilian contractors, Civilian War Zone Coverage, dangerous occupation life insurance, executives, insurance, International Business insurance, key man insurance, life insurance, life insurance approval
According to recent U.S. State Department statistics, over 6.3 million American civilians currently live in more than 160 countries around the world. Due to modern globalization and the optimistic ideals of free trade and enterprise, the United States has one of the...
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