When its owner for more than four decades passed away suddenly, Troy Belting and Supply Co in Watervliet, N.Y. could have collapsed, as do many family businesses that lose their leaders. Instead, the company continued to operate and grow, thanks in part to a succession plan funded by life insurance.Read More
When it comes to preparing for retirement, many financial services employees fare little or no better than their peers in other industries – even though on average, they make more than employees in most other industries, according to a new industry profile released by MetLife.Read More
Corporate-owned life insurance can be important for business success in the case the owners or key employees die.Read More
Consumers approaching retirement may be faced with various investment decisions.
Purchasing a life insurance policy is one option for those hoping to ensure their survivors’ financial security. Traditional and Roth IRAs may also be beneficial. However, rolling funds from a 401(k) to this kind of investment may be difficult for some, according to a recent report by the Wall Street Journal, with many employers hoping to hold onto their workers’ savings.Read More
Healthcare reform brings a string of new provisions aimed at reducing the overall cost of healthcare, such as employer wellness programs.
Wellness programs have existed in the workplace for years and commonly offer employees gym memberships and fitness perks at subsidized rates. Many companies assess employee health with quizzes relating to exercise, nutrition, stress, smoking and alcohol, reports the Milwaukee Journal-Sentinel.Read More