While business owners plan for everything from sales to supply chains many do not take the time to consider the consequences of losing an owner, salesperson or key employee. The loss of this person would have substantial financial loss to the business.
This is where Key Person Insurance comes in play as outlined in the article by Waterfront Financial Group.
Typically the business owns the insurance policy and makes the premium payments. However, the payments are not deductible under Federal IRS guidelines.
As stated in the article:
“For most businesses, their most important asset is their people. Yet, while they insure their other assets—such as buildings and cars—they often overlook the wisdom of doing the same for those individuals who are critical to their success.”
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.
Regular | $2,000 + |
IRA | $25,000 + |
Term | Interest Rate |
2 Year | 3.00% |
3 Year | 4.00% |
5 Year | 6.00% |
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.