296: How Insurance Builds Wealth: Key Benefits for Financial Growth
296: How Insurance Builds Wealth: Key Benefits for Financial Growth
Today I’m joined by Susan Glass and Caitlin Raad of The Glass Group, experts in helping individuals, families, and business owners build financial security and confidence through smart insurance strategies.
Susan and Caitlin specialize in showing how different types of insurance can be layered to protect not just a person—but their family, employees, and business as a whole. I’ve had the pleasure of meeting with both of them several times, and every conversation has uncovered new insights into how insurance can be used as a tool for stability and growth.
So even if the word “insurance” makes you think of that class you wanted to sleep through in college, trust me—this episode is one you won’t want to miss.
Topics Mentioned:
Insurance
Future protection
Wealth
Employee retention
Listen to the Episode
Key Thoughts:
Advisor Trust
Make sure you can have an open conversation about insurance with your financial advisors.
Research and evaluate offers to know what is best.
Key Person Insurance and Business Protection
Key person insurance can be funded by a life insurance policy and it is meant to protect the business from financial loss due to death or the departure of a key employee.
Buy-sell agreements can be funded similarly.
Life insurance policies can also be used as collateral for a business loan, providing an alternative to personal assets like homes.
Employer-Sponsored Permanent Life Insurance
Permanent life insurance provides coverage regardless of employment status.
Some options include no medical questions or exams.
College Savings and Investment Strategies
529 plans and insurance plans can be used together to fund college and additional learning opportunities.
Working with professionals to form a personalize approach is always recommended.
Evolution of Life Insurance Benefits
Many insurance plans provide coverage beyond death.
Long-term care insurance often can be purchased and offers tax deductions for business owners.
Many plans and options are available in this ever changing industry.
Contact Michele:
Facebook: Scarlet Thread Consulting
Instagram: @ScarletThreadATL
Website: ScarletThreadConsulting.com
LinkedIn: Michele Williams
Contact Susan and Caitlin:
Email: Susan@theglassgroup.biz
Email: Ceraad@ft.newyorklife.com
LinkedIn: Susan Glass
References and Resources:
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