Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - July 11, 2020

July 11, 2020
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Today's Key Question:

Did you know that the life insurance industry has innovated a number of ways for you to buy a policy safely and affordably? Check the article below from Money.


"How to build a business partnership that works"

From emyth:

* Managing a business partnership may be the only thing more difficult than managing a business. Partnerships are hard for the same reasons that any relationship is hard. It takes diligence and work to bring together personalities, communication styles and ideals. And if you want your partnership to serve your business—rather than hinder it—you need to strengthen the relationship upon which your partnership is built.

But how do you do that?



"How To Conduct Family Meetings That Don’t Turn Into An Episode Of “Succession"

From Wealth Advisor:

* Communication can alleviate the problem of assumptions the younger generations might have about the family wealth. I’ve seen the next generation scrimp and save to fund savings, retirement, and college accounts unaware that there were trusts already in existence and expected inheritance that made such scrimping and saving unnecessary. On the flip side, a common scenario is for the younger generation to assume they will receive assets that will allow them to live like their parents and grandparents unaware of the need to support most, or all, of their living expenses until they are in their mid-to-late middle age. 

Family meetings are a key communication tool to avoid these kinds of misunderstandings. Yet few wealthy families have them, either because they are apprehensive about broaching a sensitive topic, or because they’re unsure of what to talk about. The following six tips will help you overcome these challenges.



"How COVID-19 has changed the way we eat, according to five experts

Top executives from General Mills, Impossible Foods, Land O’Lakes, and more talk about how the pandemic has changed our relationship to food."

From Fast Company:

* For Fast Company’s Shape of Tomorrow series, we’re asking business leaders to share their inside perspective on how the COVID-19 era is transforming their industries. Here’s what’s been lost—and what could be gained—in the new world order.



"Masked Medical Exams And Other Ways Coronavirus Is Changing How Consumers Buy Life Insurance"

From Money:

* Two months ago, the nation was on lockdown due to coronavirus and getting life insurance was more challenging and more costly than usual. Now, with restrictions lifting in many states, life-insurance prices and processes are largely returning to normal — and are even changing for the better.



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