Atwal Financial’s Post

ACCOUNTANTS! Did you know your clients can PUT LIFE COVER ON EXPENSES? Have you heard about Relevant Life Plans for small business owners? Relevant Life Plans are a tax-efficient way of offering personal life cover to company directors, salaried partners and employees 💰 Lump sum payment on death or terminal illness 💰 Policies are placed in Trust to ensure clients loved-ones are protected It’s a Death In Service policy for firms where the business is too small for business protection group schemes* 💰 Cost-efficient – often up to 50% better value than personal protection policies 💰 Tax-efficient - Corporation Tax relief and no NI contributions 💰 An allowable expense by HMRC, not treated as a Benefit in Kind It’s a no brainer – better value for you and your business associates 💰 Good for business 💰 Good for you 💰 Good for your employees Thanks to Laura Carn, Protection BDM at Legal & General for our chat! #lend #lendahand #protection #businessowners #womeninbusiness #femalefinance #limitedcompany #director #relevantlife As with all insurance policies, conditions and exclusions will apply * this may vary based on provider's terms https://lnkd.in/e2nWuHa7

In conversation with Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance on investment income trends and outlook for FY25. “While the positives in terms of policy continuity, political stability, economic growth momentum have been factored in, the same level of returns or those better than in the previous year look difficult,” he said. Do read. #exclusive #interview #insurance #lifeinsurance #investments #BFSI

A key man, also referred to as a key person, is an individual within a business who holds significant importance and whose skills, knowledge, experience, or relationships contribute significantly to the success and profitability of the organization. The key man can be an executive, business owner, top salesperson, technical expert, or anyone else whose absence would have a substantial impact on the company's operations and financial stability. Key individuals often possess specialized expertise or unique abilities that are difficult to replace quickly. They may have key client relationships, hold critical patents or intellectual property, or have a deep understanding of the company's operations and processes. These individuals play a pivotal role in driving revenue, making strategic decisions, and maintaining key business relationships. https://lnkd.in/g_R4MNgn #keyman #life #insurance #ifg #planning #protection #business #taxes #inflation

A key man, also referred to as a key person, is an individual within a business who holds significant importance and whose skills, knowledge, experience, or relationships contribute significantly to the success and profitability of the organization. The key man can be an executive, business owner, top salesperson, technical expert, or anyone else whose absence would have a substantial impact on the company's operations and financial stability. Key individuals often possess specialized expertise or unique abilities that are difficult to replace quickly. They may have key client relationships, hold critical patents or intellectual property, or have a deep understanding of the company's operations and processes. These individuals play a pivotal role in driving revenue, making strategic decisions, and maintaining key business relationships. https://lnkd.in/gBesb7Qv #keyman #life #insurance #ifg #planning #protection #business #taxes #inflation

The Importance of Life Insurance in Financial Planning #Markets #Economy #investing #money #bankingindustry #productivity #bestadvice #businessintelligence #Innovation #Management #Technology #Entrepreneurship #Startups #VentureCapital #Economics #strategy #business #artificialintelligence #socialentrepreneurs

In the world of entrepreneurship, where every day is an adventure and uncertainty is the norm, one thing remains constant: the need for insurance. Lidiya Kesarovska . . . . . #FoxDenConsults #AdministrationFox #Administration #PayrollAndAttendance #Policies #Permits #Processes #ROI #Overhead #Interest #Equity #OperationalPermits #Health&Safety #CompanyPolicies #InsuranceCoverages #Admin #Insurance #FoxDenConsults #AccountingFox #Accounting #FinancingTips #TaxMan #Budgets #FinancialStatements #TaxAccountant #ProfitAndLoss #SalesTax #PayrollManagement #PayrollServices #Interest #Equity #FinancialStatements #TaxPlanning

Small businesses often don’t have key person insurance. Firms can use the insurance to cover any business issues that result from an individual’s absence. Getting advice on the right cover at the right price, and on tax considerations, can help to ensure continued business success. Find out more: https://lnkd.in/gYREQjXZ #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

With years of experience navigating the insurance industry, understanding the true worth of your insurance book of business is essential. Whether selling, buying, or optimizing operations, unlock actionable insights on: 🔑 Key factors influencing insurance book value 📊 Valuation methods: revenue multiplier vs. EBITDA multiplier 🛡️ Strategies to maximize agency value through operational efficiency and client retention Don't miss out on uncovering the secrets to enhancing your insurance business's worth. Click the link to read more!  https://lnkd.in/gGs5uXMh #InsuranceBusiness #BusinessValuation #SmallBusiness #Entrepreneurship #business #finance #financeblog #insurance #businessinsurance

😮 5 Crazy Myths People Believe About Life Insurance 😮 TL;DR: - No matter your health status you can qualify for life insurance coverage - The amount of life insurance that your work provides you most likely isn't enough for your goals - You can use life insurance as a tool to build tax-free wealth - Life insurance is very affordable for most people - Permanent life insurance is actually very affordable when designed correctly 1) I Can't Get Life Insurance Because I'm Already Sick/Disabled - FALSE! While many life insurance providers do not want to insurance a sick or disabled person, there are still a few out there that will protect you no matter what. 2) I Have Coverage Through Work So I'm Protected - FALSE! You probably have between 1-2x your salary in life insurance coverage, which is great. However, this is not enough coverage for the average Canadian. Most people's mortgages alone are anywhere from 7-10X their salary! You can add private life insurance coverage on top of your existing coverage 3) Life Insurance Doesn't Benefit Me, Just Everyone Around Me - FALSE! (My Favourite One!) There are certain types of policies available that can benefit you while you are alive. It's called permanent life insurance and it acts like a hybrid between investing and insuring. You build something called a cash value which can be used for long term care, disability coverage, purchase of a home, or you can cancel your policy and get all the money back that you ever paid for your insurance. It's a pretty neat tool. 4) Life Insurance Is Too Expensive And Not Worth It - FALSE! Life Insurance is usually pretty darn cheap no matter your age. You almost always get good value out of it no matter the cost. Here is an example: A non-smoking, 50 year old male can get $100,000 of permanent coverage for $125/month. No matter when he passes away, his family will get $100,000. Imagining he passes away at 82 (average life span in Canada) he will have paid $48,000 over the lifetime of his policy to receive $100,000 for his family. That's pretty darn good value if you ask me! 5) Permanent Life Insurance is Prohibitively Expensive - FALSE! When designed properly, permanent insurance can be a very useful tool for protection and building tax-free wealth for individuals and business owners. Some people have heard of Whole Life Insurance which, while being a great product, is typically cost prohibitive for the average person in Canada. Another option is called Universal Life Insurance which is much more cost effective and can bring many of the same advantages that Whole Life Insurance brings. **************************** If you're unsure if you have the proper protection for your family, you can schedule a complimentary Life Insurance Review by booking 30-minutes in my calendar. Just last week alone I was able to free up over $200/month for two different families while getting them a combined $450,000 more coverage! https://lnkd.in/gTfrr8Cy

"Looking to invest in the insurance sector? Explore our latest article on the Best Insurance Stocks in India 2024. Get insights into the industry's growth potential, discover key players, and learn what to consider before making your investment. Read more: https://lnkd.in/dwV8UNEu