On Wednesday, October 5, 2011, Steve Jobs co-founder of Apple, died at the age of 56 after a long battle with pancreatic cancer. He was an absolute genius and the “key man” behind Apple’s remarkable run of innovative technological rollouts. It is not too much of a stretch to say that he single-handedly altered the [...]
Wealthy Likely to See Double -Digit Tax Hikes
October 6th, 2011 
admin The Congressional Budget Office’s forecast for 2012 is for an additional $2.5 trillion added to the runaway deficit . Where is the shortfall to be made up? A very likely result is higher taxes for… You. The current deficit has already prompted Congressional calls for limiting the tax breaks for mortgage interest, charitable contributions, municipal [...]
Premier Resource for Key Man Life and Disability Insurance
September 16th, 2011 admin Keypersoninsurance.com, the Internet’s Premier Resource for Key Man Life and Disability Insurance Announces a New Blog Keypersoninsurance.com a subsidiary of MEG Financial unveils new blog for corporations and small businesses providing current news and information on all types of key man and corporate owned life insurance . Keypersoninsurance.com, the leading online provider of business life [...]
What is the Difference Between Life Insurance and Key Man Insurance?
September 9th, 2011 admin We work with business owners on a regular basis and one of the most common questions asked is, “what is the difference in a regular life insurance policy and a key man insurance policy?” It’s a great question and the answer may surprise you. The fact is, ordinary life insurance and key man life insurance [...]
Where Can I Find a Key Man Disability Policy?
September 7th, 2011 admin Any company that relies on a few key people for a large percentage of their revenue faces the risk associated with a disabling injury or illness to one of these vital employees. This risk of disability is real and for most ages is significantly greater than death. Key man disability insurance, as called key person [...]
Do I Need Business Overhead Expense Insurance?
September 4th, 2011 admin Business overhead expense (BOE) insurance is a form of disability insurance that is designed to protect a business by covering certain operating expenses if an owner becomes disabled. For years, professionals such as physicians and attorneys have known the value of overhead expense policies and many consider BOE policies a necessity. Following is just one [...]
Is Key Man Insurance Deductible as a Business Expense?
September 4th, 2011 admin When filing taxes, every business looks for as many deductions as possible and key man life insurance is no exception. However, before you write off corporate owned life insurance premiums, you need to fully understand how the IRS is going to treat this issue. Additionally, your business needs to be aware of important IRS rules [...]
How to Secure an SBA Loan
July 18th, 2011 admin Securing a bank loan guaranteed by the federal government sounds too good to be true. However, the U.S. Small Business Administration (SBA) does just that for many companies. Ever since the SBA was established in 1953, it’s helped millions of small businesses secure guaranteed loans. The foundation for SBA loans is that commercial banks don’t [...]
Key Man Insurance is an Important Part of a Strong Business Plan
July 18th, 2011 admin Key man insurance is an essential element of a good business plan, but it’s a risk management strategy that is often overlooked. Business plans are ever-evolving processes, no matter what stage of business you’re in. Business plans often change with economy, market conditions, new opportunities and unforeseen threats. Complete Business Plans The basic elements of [...]
Five Uses of Key Man Life Insurance
July 18th, 2011 admin As a business owner, CEO or CFO, you know it’s simply not good business to fail to plan ahead. The real truth is that many small businesses or partnerships depend upon just one or two individuals for their ultimate success. For most of these companies, the untimely death of one of these “key” people can [...]
