Life insurance for business owners: a multipurpose tool
August 25, 2015 by David Port
Any advisor who counts a business owner among their clients knows that telltale look, the one that says, “I already have too much on my plate running a company to worry about long-term planning stuff.”
All too frequently, the day-to-day concerns of running a company push vital business planning and big-picture strategic decisions to the back burner. Indeed, two-thirds of business owners lack aformal succession plan, including 7 in 10 business owners over age 50, according to the 2014 U.S. Trust Insights on Wealth and Worth Survey from Bank of America Private Wealth Management. Click HERE to read article