As corporate takeovers, mergers and acquisitions continue to be regular occurrences in many business markets, continued employee downsizing throughout most industries is inevitable. When addressing potential employer liabilities, conscientious business owners will provide comprehensive severance packages at the moment of employee termination to help the newly unemployed through the sometimes-difficult transition. American business severance agreements […]
A young dentist was attempting to purchase the thriving dental practice of an aging colleague. The cost of the practice required the young man to take out a business loan from a commercial lender. One of the pivotal closing requirements of the lender was a $1,200,000 life insurance policy on the young dentist with a […]
Projections indicate that Americans will be traveling outside the United States in record numbers this holiday season. But many are unaware that their medical insurance policies and governmental healthcare programs won’t provide sufficient coverage during their foreign travels. Once they cross the border, whether it be by plane, boat or car, many of the benefits […]
Despite good initial intentions, approximately 50% of all marriages in this country end in divorce. Falling in love and subsequently falling out of love is unfortunately a reality for millions of Americans every year. And no matter whether the splits in partnership are amicable or otherwise, most divorce proceedings require contractual documentation in the form […]
A successful and renowned orthopedic surgeon was a partner and primary revenue generator of a growing Florida medical practice including a surgery center. His personal annual income was $1,200,000. The other business owners were greatly concerned with a permanent disability scenario in which the key surgeon would be unable to practice which would put the […]
I’m not referring to haunted houses, Halloween monsters or flesh-eating zombies. I’m talking about disablement, physical and/or mental incapacitation that leads to loss of income. There isn’t much scarier than losing your ability to earn a living. Disability is an unfortunate occurrence and a regular part of life, of many lives in fact, in this […]
Of course, you can imagine how important life insurance is to someone who flies an aircraft for either work, travel or recreation. Although air travel by nature is generally safer than riding in an automobile, planes, helicopters and other motorized and non-motorized aircraft do crash on occasion. Every year American pilots do lose their lives. […]
Last week, Ben Nordman, Managing Partner of North Central DI, was given the W. Harold Petersen Lifetime Achievement Award by the association board and members of the International DI Society at their annual conference which took place this year at the Grand Sierra Resort in Reno, Nevada. The prestigious award was created by the IDIS […]
Here is a great lesson to pass on to your clients about the need for disability insurance and a unique take on the product ideology. This is from the teachings of the great W. Harold Petersen who spent his storied career enveloped in the marketing and promotion of income protection and replacement. Learning about disability […]
An employee benefits specialist found that a large corporate law firm client, with offices throughout the country and several hundred partner attorneys, had immense gaps in their group disability benefits and greatly varying benefit levels amongst the partners. Nearly half of the attorneys had insufficient levels of income protection, which was not acceptable to the […]