Do What Rich People do with Life Insurance
Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!
Today on the show Shawn and I are welcoming Landon Troyer of WealthPlan partners to talk about life insurance. When it comes to this topic, there’s a lot to dig into from business succession planning, key employee retention strategies, buy-sell funding strategies, or just plan life insurance that’s best suited for you. There’s a lot of not so great information out there when it comes to life insurance, so we thought it would be a great idea to hear it straight from an educated source. This is the Fit CFO Show.
In this episode we breakdown all the different reasons one would need life insurance, for both personal and business. Things like buy sell agreements, key person retention strategies, and ways to fund through life insurance.
We also talked about all the different types of life insurance that exist, and what to watch out for. Have you heard of life insurance banking or be your own bank? We address that too!
To learn more about working with an insurance professional on your life insurance needs?? That is something we can help guide you in the right direction on, so remember if you're a health and fitness entrepreneur, to join our free facebook financial blueprint group, we have a lot of free resources, monthly training and Q&A from a Fit CFO.
If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.
Join the: Fitness Business Financial Blueprint Facebook group
IG: Fit CFO
IG: Amanda Hanquist
IG: Shawn Hanquist
*this material is for educational purposes only, seek a professional for advice regarding your specific situation