Keyman Insurance Policies
STEP 1: ATTEND THE TRAINING
Two types of business insurance that real estate investors need:
Buy/Sell Agreements and Keyman Insurance.
NEXT STEP: SCHEDULE YOUR CALL
In this training, you learned:
✔ 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 in their first real estate deal.
✔ 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.