09.15.2021 - By Jake & Gino
âMany people wish they started sooner. Almost nobody wishes they started later.â - James ClearâŻÂ  When most of us think about purchasing life insurance, it centers around protecting our loved ones from being financially burdened if something were to happen to us. But, there's much more to consider for those of us that are investing in real estate, either with a partner, with key employees, or even have family members that will eventually inherit our real estate holdings. In these cases, it could make sense to purchaseâŻa life insurance policy on another person.  In this webinar, we talk with Kristin Colca, a 100 Year REI Professional about two types of business insurance that real estate investorsâŻneed: Buy/Sell Agreements and Keyman Insurance. We also talk about the reasons you may consider purchasing a policy on your spouse, children, or even your parents.âŻÂ  Key Insights From This Episode:âŻÂ - Buy/Sell Agreements allow you toâŻbuy 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 theâŻbreadwinner in your household, is anâŻimportant way to protect your family.âŻâŻÂ - 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 their firstâŻreal estate deal.âŻÂ -âŻA policy on your parents: 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.  Listen to the full episode to learn more.âŻÂ  Ready to get started? Let us show you how a whole life insurance policy, specially-designed by our team, can help build and protect your real estate investing business.   Start the process now! Schedule a call directly with our team today:âŻhttps://100yearrei.com/callnow/Â