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Building Generational Wealth

Money Talk

Transfers are often made through lifetime gifts and inheritances received by younger generations via wills, trusts, and beneficiary designations on life insurance and retirement savings accounts. Multiple Income Streams- Three types of income can build generational wealth: active (wages, salaries, and commissions), passive (e.g.,

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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. Examples include surrender charges, sales commissions (loads), management fees, and mortality charges. Medicaid planning, 2.

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Safeguarding Your Business MVPs: The Power of Key Person and Disability Insurance

CorpStrat

In the unfortunate event of an employee’s death, the need to redeem shares, or even ensuring the continuation of commissions, these are critical scenarios that need careful consideration. These plans are designed to safeguard your business, ensuring continuity and peace of mind in times of unexpected adversity.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis by Avalare , a wellness plan provider, and commissioned by the U.S. in benefits.

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Ohio Supreme Court Says Deceased Employee’s Fiancée Might Have Been “Family” Member Entitled to Death Benefits

The Workcomp Writer

Commission: No Death Benefits for Carpenter The commission vacated the SHO’s order and denied death benefits to Carpenter, finding that she was not dependent on McDonald as a surviving spouse, because she and McDonald were never married and because common-law marriage had been abolished in Ohio since 1991. The commission appealed.

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When you take the commission, you owe clients the consultation

Employee Benefit News

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Beyond Legal Documents: Planning Strategies for a “Good Ending”

Money Talk

. ¨ Beneficiary Designations List - It is wise to regularly review the beneficiaries and personal representatives listed in your financial and legal documents such as tax-deferred retirement savings plans, life insurance policies, and wills. Use this worksheet to record all of your beneficiary designations in one place.