Beating COVID-19: Tips for Your Insurance, Finances, and Business - May 12, 2020

May 12, 2020
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News. Insights. Analysis. Inspiration.


"Cash-value life insurance provides a safe harbor in today’s economic storm"

From Michigan Lawyers Weekly:

* It’s important to keep in mind a few key differences between insurance companies and other corporations, including banks, to understand why insurance companies are generally more financially stable than banks, particularly during times of market volatility:



"Employee Furlough Explained"

From Information Station:

* As the COVID-19 outbreak continues to disrupt businesses, many owners are left with tough decisions in regards to their employees. While some small businesses are forced to layoff workers, others are choosing to furlough employees.

But what does furlough mean?



"Is Crowdfunding Right For Your Small Business?"

From 40Billion:

* For small and new business owners looking to raise capital, crowdfunding is an increasingly popular option. Unlike with debt financing, entrepreneurs are not evaluated based on the 4 C's: Cash flow, Credit, Customers and Collateral. Rather, your access to capital is based on your existing reputation and your ability to effectively market the crowdfunding campaign. Backers decide whether to fund the campaign based on their interest in and support for the cause, for the individual business leader or because they want to buy the product/service being offered. For startups or businesses launching new products or entering new markets, crowdfunding may be more accessible than other forms of financing. It is also a great way to test the market for your product because many funders are also generally interested consumers.



"Future Concerts Amid COVID-19: Try This On For Size"

From Daily Voice:

* "If you are a church, there are no restrictions on how many people you can have inside as long as they follow CDC guidelines and stay six feet apart," TempleLive's Mike Brown told Billboard . "So our position is: A public gathering is a public gathering regardless of the reason, whether you are going to go to a quilting event, a church or a concert."



"Taxpayers shouldn’t be paying China to make them sick"

From Washington Examiner:

* Let's start with the nasty truth: China's wet markets are filthy, inhumane supermarkets of sickness, where live animals, including cats and dogs, are sold, slaughtered, and butchered for human consumption. Scientists have long warned that China’s wet markets are unsafe and could release a deadly pathogen into the world. In fact, nearly two decades ago, SARS was believed to have made the leap from animals to humans at a wet market in China. 

*Ever since, scientists have been warning that another, far more virulent virus could be transmitted from wildlife to humans if these wet markets were not shut down. Shockingly, instead of urging China to shut down these pandemic petri dishes as it should have, previous administrations were willing wet market customers. For over a decade, the U.S. government spent taxpayer dollars to buy cats and dogs at China’s wet markets and slaughterhouses and then bring their body parts back to the United States — in carry-on luggage, no less. Thankfully, the Trump administration shut down the kitten slaughterhouse last year. 

* Last month, the White Coat Waste Project revealed that part of a $3.7 million National Institutes of Health grant had been funneled to the Wuhan Institute of Virology for dangerous and secretive coronavirus experiments. This occurred despite repeated warnings from State Department officials who had visited the lab that it was dangerous due to lax safety practices and posed a serious public health threat.

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here