The phrase, \u201cExit Strategy\u201d connotes the culmination of a job well done, and the beginning of a time to reap the rewards of your large effort! It may also increase one\u2019s anxiety about what\u2019s next, or what will life look like going forward?<\/p>\n
\u201cWe don\u2019t plan to fail, we fail to plan\u201d! Having a plan for your \u201cExit Strategy\u201d makes it a lot more secure, and inspires much greater confidence in the outcome. A very successful and proven tool to use in implementing an \u201cExit Strategy\u201d is a Permanent Life Insurance Policy. Life insurance is not just a Death Benefit to your heirs! It can be used to:<\/p>\n
If you double bonus the premium payer the business can deduct the cost of that coverage as a business expense. You need to double bonus them so that one half will cover the taxes on that bonus, and the other half will pay the premium of the policy. But, by doing this the cost is covered by pre-tax money, that comes off the bottom line before you have to pay taxes.<\/p>\n
If I can assist you in creating an \u201cExit Strategy\u201d, please contact Corrin Trowbridge at ctrowbridge@farmersagent.com<\/a>, or 650-876-9600<\/p>\n","protected":false},"excerpt":{"rendered":" The phrase, \u201cExit Strategy\u201d connotes the culmination of a job well done, and the beginning of a time to reap the rewards of your large effort! It may also increase one\u2019s anxiety about what\u2019s next, or what will life look … Continue reading