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Sunshine Advisor Encourage Businesses to Consider Monetary Advantage of Purchasing Life Insurance
Date:9/6/2013

New York, NY (PRWEB) September 06, 2013

Sunshine Advisor encouraged business owners to purchase life insurance as an investment in their employees, and an alternative method of managing their money. This came on the heels of a September 4th Forbes article. The article, titled “A Different Twist on Cash Management: Life Insurance”, discussed life insurance and its ability to act as a money management tool in business. This includes purchasing life insurance for employees, and the heads of the company both. Sunshine Advisor encouraged business to consider this form of money management.

Steve Parrish wrote, in the abovementioned article, about using life insurance as a method of money management in business. Parrish acknowledged that life insurance is typically only thought of as a tool for the families of the insured. However, businesses may be able to utilize life insurance policies as well, both for the business’ employees and its higher-ups. Life insurance for a company’s executives may relieve some of the financial strain brought on by the loss of a key player in the company’s structure. For lower-level employees, life insurance may also serve to fill the void left by an employee’s absence, and relieve some of the financial strain associated with the loss of an employee. In addition to these obvious benefits, however, life insurance also offers a source of monetary investment for business uncertain about the future of employee benefits in the U.S. following the implementation of the health care act in 2014. Life insurance may also be a source of smoothing out the dips and rises in a company’s cash flow in the event of the loss of many employees and once and the necessity of paying out benefits to the deceased’s family. T
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