Life Insurance Planning
When was the last time you reviewed your life insurance with someone other than the person who sold it to you?
That crowbar can be very useful however, and like the crowbar, life insurance offers leverage.
Lack of liquidity is common - through lack of proper planning - at the death of a business owner. Life insurance creates immediate capital: capital to buy out your partner's interest in your company in the event of their death, capital to fund your family's everyday expenses when you are gone, and capital to pay estate taxes.