When it Comes to Succession Planning, Which is Best Whole Life vs. Term
Which is better, term or whole life seems to be the question on both business owners and individuals lips. It is also the subject of numerous financial talk show experts and un-countable numbers of books and articles. Alas, it is the wrong question.
The right question is “which business insurance should I trust to help me sort out the best insurance solutions for me right now” because at the end of the day whether you should own whole life or term or a combination is a decision that should be based on what you want the insurance to do for you and when.
Of the many things that business insurance agents can do, one is to handle questions about whole life vs. term policies. This article looks at some of the differences between whole life and term – as well as discussing the vital role your business insurance agent plays in helping you make the best decisions possible, which is right for you when.
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Recommended Reading
- Management Succession Planning for Family Businesses
- William Rothwell, Ph.D. – Talent Management Basics
- VideoChat – Business Growth with Andrew Karlen
- Reasons Why an Estate Plan Can Go Awry – Hull on Estate and Succession Planning #146
- Management Succession Planning Blueprint (ebook)
Related posts:
- Why is it important to integrate succession management with career planning?
- Small Business Transition: “Starting the Conversation”
- Succession Management: Good to talk, difficult to practice – indiablooms
- Opalesque Exclusive: Long-term compensation becomes focus as generational … – Opalesque
- Business-owned life insurance: handle with care – Lexology (registration)
