Sep 15, 2021
“Many people wish they started sooner. Almost nobody wishes they started later.” - James Clear
When most of us think about purchasing life insurance, it centers around protecting our loved ones from being financially burdened if something were to happen to us. But, there's much more to consider for those of us that are investing in real estate, either with a partner, with key employees, or even have family members that will eventually inherit our real estate holdings. In these cases, it could make sense to purchase a life insurance policy on another person.
In this webinar, we talk with Kristin Colca, a 100 Year REI Professional about two types of business insurance that real estate investors need: Buy/Sell Agreements and Keyman Insurance. We also talk about the reasons you may consider purchasing a policy on your spouse, children, or even your parents.
Key Insights From This
Episode:
- Buy/Sell
Agreements allow you to buy
out the beneficiary interest in the business using life
insurance proceeds.
- Keyman insurance protects
your business from loss resulting from the death of an
employee who would be costly to replace.
- Insuring your
spouse, even if they are not the breadwinner in
your household, is an important way to protect your
family.
- A policy on your
kids can help you teach your children financial
responsibility at a young age, by
using their policies to finance their first car, pay
for education expenses, or invest their first real estate
deal.
- A policy on your
parents: If your parents do not have policies of
their own, owning a policy on them could help you with the future
financial burden of medical expenses or end of life
expenses.
Listen to the
full episode to learn more.
Ready to get started?
Let us show you how a whole life insurance policy, specially-designed by our team, can help build and protect your real estate investing business.
Start the process now! Schedule a call directly with our team today: https://100yearrei.com/callnow/