The Small Business Owners Dilema when Serious Illness Strikes
Small business owners work much longer hours than most and they take less vacation time. So, a twisted ankle or some back pain is not a serious enough situation for you to be off work.
However being diagnosed with cancer or suffering from an unexpected heart attack will definitely affect how much time you spend growing your business. This is where a Living Benefits Life Insurance policy can be one of the most valuable insurance policies you own.
Unlike traditional life insurance, Living Benefits Life Insurance pays a benefit to you while you are living. You decide the amount of coverage you want, say, for example, $100,000. The benefit is paid out on a tax-free basis if you suffered from a serious and covered medical condition (such as a heart attack, cancer, stroke or various other illnesses/injuries) and survive (on average) 30 to 60 days after diagnosis.
These tax-free funds can be used any way you wish. Perhaps you may need to hire a temporary Manager to help run the business in your absence or cover some of the monthly expenses such as equipment loans and leases. Perhaps it is time to consider how well your family and your business could cope financially if you suffered a serious illness or injury.
Visit https://www.carterfinancial.us/risk-management/ to learn more about Living Benefits
Fixed Indexed Annuities Beat Out Bonds
These days, pensions are all but extinct as the burden of retirement funding has shifted from the employer to the employees. Now that they are responsible for their own retirement, many workers are looking for ways to create the annual income stream that annual pensions created without worrying about running out of money in retirement.
Fixed Indexed Annuities give you the potential to exceed traditional fixed interest rates without exposing your principal or past gains to market risk. A recent article in WealthManagement.com by Diana Britton highlights current research on the performance of Fixed Indexed Annuities.
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