Life Insurance
By Joel Goldman | WBN News Global | June 2, 2025
Running a business comes with both risk and reward. But one important tool that often gets left out of the plan is life insurance. For young entrepreneurs aged 25–45, life insurance isn’t just about personal protection—it’s a smart business move. It ensures your loved ones and your business are financially supported in the event of the unexpected.
Protecting What Matters
If something were to happen to you, would your family or your company be able to carry on financially? Life insurance can help cover personal expenses like mortgages, childcare, or tuition. It can also act as income replacement, helping your family stay financially secure without you. From a business perspective, life insurance can be used to fund a key person policy, helping cover losses if a co-founder or essential team member passes away. It also supports buy-sell agreements, so partners can smoothly take over without financial strain.
A Tool for Growth
Some life insurance policies, like whole life or universal life, can build cash value over time. You can borrow against this value to help grow your business, cover emergencies, or invest in new opportunities—on your terms. Offering group life insurance to employees is also a smart way to show your team that you value their well-being, which can strengthen recruitment and retention.
Long-Term Thinking Starts Now
Life insurance is more than a future plan—it’s a way to protect what you’re building today and create a legacy for tomorrow.
Connect with Joel Goldman for personalized support on insurance and financing solutions.
You can reach Joel on LinkedIn: https://www.linkedin.com/in/joel-goldman/
or at +1 929-520-9596 or book a call directly to get started.
For trusted protection and coverage, visit Starisks Insurance. https://www.starisks.com/
For real estate or business loan options, explore HMMB Funder LLC.
HMMB Funder LLC
Tags:
#Life Insurance For Entrepreneurs #Business Planning #Financial Protection #Smart Business Moves #Legacy Planning #Insurance Strategy #Starisks Insurance
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