Should I Buy a Life Insurance Policy on My Business
Patrick Healey, Founder and President of Caliber Financial Partners, a financial planning firm based in Jersey City, NJ specializing in investment management, retirement planning, estate planning, tax strategies, and business succession planning joins Enterprise Radio.
Listen to host Eric Dye & guest Patrick Healey discuss the following:
- In what situations would a business owner want to consider buying life insurance on his or her business partner?
- When would it not make sense to take out a policy on a partner?
- What types of life insurance policies are popular for business partners?
- Are there products other than life that business partners should consider?
- What’s the best way for a business owner to bring this topic up with his or her partner?
TIP: The untimely death of an owner can derail a small business and leave a burden on the surviving family members. With an appropriate policy, that nightmare scenario can be avoided and can protect surviving partners, family members, employees and customers alike.
Patrick B. Healey, MBA, CFP® is Founder and President of Caliber Financial Partners, a financial planning firm based in Jersey City, NJ specializing in investment management, retirement planning, estate planning, tax strategies, and business succession planning. He is a more than 20-year veteran of the financial services industry with an extensive background in structured finance, investment banking, and equity research.
He is a CERTIFIED FINANCIAL PLANNERTM holding his Series 7, 63, and 65 securities licenses and a life, accident, and health insurance license.
He earned his MBA in Finance, Management, and Entrepreneurship from New York University’s Graduate School of Business and a BA in Economics with minors in German and Accounting from the College of the Holy Cross. He is a member of the Beta Gamma Sigma business school honor society and a former NCAA Division I soccer player at Holy Cross.
Patrick is a lifelong resident of Hudson County, NJ. He is an avid traveler, endurance athlete, and wine enthusiast, and he applies this same passion for life as he does in working with clients.
Securities offered through Kalos Capital, Inc., and investment advisory services offered through Kalos Management, Inc., (“Kalos”) both at 11525 Park Woods Circle, Alpharetta, Georgia 30005. Caliber Financial Partners, LLC, is not an affiliate or subsidiary of Kalos. Member FINRA/SIPC.
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