Managing Your Business ASSETS For Entrepreneurs

10 Jan 2023 · 1 min

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Short YouTube advice clip by Jayson Lowe (published/uploaded January 10, 2023) addressing when a business owner should consider purchasing dividend-paying, participating whole life insurance. Lowe's central guidance: when a business's revenue exceeds its expenses (i.e., the business is profitable), the owner should consider such whole life insurance as an asset to bolster the company balance sheet.

Questions this video answers

January 10, 2023

Any amount of revenue that exceeds your expenses (i.e., when the business is profitable).

Chapters

So someone literally just asked me, what amount of revenue should a business owner have before they purchase dividend paying, participating whole life insurance? And I guess my response would be is any amount that exceeds your expenses. So if you're in a position where your business is in profit, then you've really got something there that needs to be protected and nurtured. And so that would be a great time for any business owner. If your revenue exceeds expenses, you're earning more than your business is spending, then you need to consider dividend paying, participating whole life insurance as part of the assets that bolster your company's balance sheet.