Episode 28: Bryan & Chad Talk about Protecting Your Family With Wills, Buy-Sell Agreements, and Life Insurance

Welcome to Eat, Sleep, Invest. On this podcast, you can learn more about how marketing investors can get more deals. Bryan Driscoll and Chad Keller discuss something a little different today. They share information about life insurance and protecting your business if something happens to you. Although they are not attorneys, they have valuable experiences about what you should think about regarding your business and your family.

Making money and investments with a business is the goal of many entrepreneurs. But what will happen to all your assets if something happens to you? Although talking about life insurance can be uncomfortable, it is critical for any business owner. Bryan and Chad cover:

• The horror stories of probate Chad has heard and how he wants to avoid those issues for his family
• Preparing for the different possibilities that can happen after your death
• What could happen when your business partner’s spouse becomes your new business partner
• Buy-sell agreements for businesses to pay the family off and potentially save the business
• Getting a term policy to protect your assets if you can’t afford whole or universal life insurance
• Creating a will and considering various scenarios your family could face
• Not delaying on getting a will or deciding on the powers of attorney
• How changes in your health can disqualify you from the best insurance rates