Are you a co-owner of a business?

Are you a co-owner of a business? What happens to the business if something happens to a partner? Typically the business goes the individuals spouse or estate. Do you want to do business with your partner's spouse? Do you want him/her making business decisions? In most cases the answer is no. If that is the case the business needs a buy-sell agreement. Most companies do not have enough cash to pay off the spouse so it is funded by life insurance.

Happy New Year!

I hope everyone is ringing in the New Year with joy and laughter!

When Life Insurance Stories Hit Home

Two Men Drown on Lake Pokegama

A church outing on Lake Pokegama one evening turned tragic when two men drowned while assisting youth in the group. Albert Hermiston, 63, and Nathan Junker, 30, both of Grand Rapids, MN died. Several youth were swimming near a sandbar in Lake Pokegama when it started to get windy. There is a 3o foot drop-off approximately two car-lengths from the sandbar. Hermiston and Junker saw the youth drifting and heading in the direction of the drop-off. So they went to help. Hermiston gave one of the youth his life jacket. When the youth started moving toward shore, Hermiston started to struggle and Junker went to help. They both disappeared.

"Junker had life insurance and it was nice to deliver his family a check so they could stay in their house."

Tis the season: Give the of GIFT Life Insurance

Life has a way of offering up bad breaks, even when Neva Knoll is just 11 years old. The Ham Lake 5th Grader was sitting on a casting table at Gillette Chrildren's Hospital. A pony fell on top of her leg at her sister Morgan's 6th birthday party in July.

Last autumn, Neva, Morgan and their mother, Melissa, suffered something far more devastating than a broken leg. They lost their dad and husband. He was really, really healthy then, instantly, he was really sick. He died.

Greg Knoll was a fun-loving adventurous, Minneapolis Police SWAT Team member who was stricken with stomach cancer at 38 years of age. In a flash, everything Greg and Melissa has worked for could have been lost. In financial things and taking care of the family, he was really strong and very responsible in taking care of us. "It was very unexpected to lose Greg. It was never in our plans, but the plans that he made with the life insurance took care of us so that we are able to stay in our house and the girls are still able to dance."

Nobody wants to end up in a cemetery prematurely, but unforunately people do all of the time. Still, it is estimated that 68 million Americans have no life insurance whatsoever. Life Insurance companies say that those who do have life insurance, on average, do not have enough.

Parents

Wow, a month since I have written. I have been running to daylight and I have arrived. Yeah! I wanted to let you know that I bought life insurance for my parents for Christmas. It is one of the best purchases I have made. I think that it is a good idea so my parents have some money to keep their life together when one of them passes away. It also helps me....they will not be living in my basement and/or asking me for money. Think about it this year....buy your parents life insurance.

I apologize I have not been writing as often as I was. I am running to daylight in my business which ends 11/17. Wish me luck. Then I can start working more on my business rather than in my business so it can grow like it should.

I am talking to more and more people these days about life insurance. I think people are starting to understand the importance of it and what peace of mind it can bring. I think we are all looking for more peace of mind these days.

Wishing you peace in your heart and mind,
Jena

Twitter

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