Term Life Conversion | Essential How-To Guide + Alternatives

As your term life insurance policy nears its expiry date, you will want to explore your coverage options – including whether your policy includes a conversion privilege. Financial needs and goals change, and it’s a good idea to have your life insurance policy reflect your current obligations. For example, many term policyholders: Now need lifetime…
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How to Create an Effective Estate Plan Using Life Insurance

Life insurance can be an effective tool when you’re planning to bequeath assets.  Most people in the United States have outstanding debt when they pass away, leaving creditors to go after their remaining estate, including financial accounts, real estate, and possessions (think jewelry, cars, antique furniture, etc.).  Generally, creditors will seek all estate values, pay…
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Key Person Life Insurance Guide for Business Owners

Most businesses value their employees (or at least they should!).  But inevitably there will often be a few key individuals who are critically important to the success and viability of the company.  These employees can be referred to as “key person’s” or sometimes as a “key man” or “key employee”  This may be a founder…
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buy sell agreement

Buy-Sell Agreements For Small Businesses, Quick Guide to Process

When you are the sole owner of a business, there is relatively no ambiguity as it relates to the decision making process for the business. You are able to make decisions relating to company growth and changes. You are also allowed to dictate what should happen to the company should something happen to you, or…
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retirement plans for small businesses with employees

Best Retirement Plans For Small Businesses With Employees

Retirement planning is an essential part of any business, no matter how big or small. After all, a large reason that people work so hard for such a large portion of their lives is to save up for the many goals they have in retirement. Businesses with fewer employees face a different set of challenges…
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How to Create an Effective Estate Plan Using Life Insurance

Life insurance can be an effective tool when you’re planning to bequeath assets.  Most people in the United States have outstanding debt when they pass away, leaving creditors to go after their remaining estate, including financial accounts, real estate, and possessions (think jewelry, cars, antique furniture, etc.).  Generally, creditors will seek all estate values, pay…
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Fixed Annuity – Definition, Rates, Pros & Cons

Annuities offer a tax-deferred retirement income stream for life. This strategy has several sub-types with their respective pros and cons that vary based on your retirement plans.  This guide covers the sub-types of fixed annuities, rates, pros and cons, and comparisons versus the other types of annuities.  What is a Fixed Annuity? An annuity creates…
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FEGLI Life Insurance and FERS Survivor Benefits [There’s a Better Way]

If you are a federal employee and/or in the Federal Employees Retirement System, you are likely dependent on FEGLI Life Insurance and FERS Survivor Benefits for making certain your spouse or partner receives a sufficient financial benefit in the event of your death. Many federal employees who are enrolled in these programs are likely unfamiliar…
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401k For Small Businesses With Less Than 10 Employees

With so many differing opinions as to the reliability of the social security system in the future, 401(k)s have become one of -if not the most- popular retirement savings options for Americans. For a long time, the administrative burden of managing retirement benefit plans for small businesses made it difficult for them to offer these…
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Forbes

Jason Hill Quoted in Forbes Again!

Jason Hill, President of Client Focused Advisors, was quoted in an article regarding the importance of having life insurance for the spouse that stays at home to run the home and raise the children.  Below is a quote from Jason from the article: “If I had to replace what my wife is doing, it would…
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