Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - July 21, 2020

July 21, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

The tragic death of actress Kelly Preston to breast cancer (see the article below) highlights the high financial toll this disease can take. Did you know that both the living and the death benefits of life insurance can help alleviate this burden?

  

"3 Big Post COVID-19 Opportunities For Small Businesses"

From The Hartford:

* The COVID-19 pandemic has created a significant economic downturn. That’s a fact. But what’s also a fact is that economic downturns create significant opportunities for business owners who have the wherewithal to take advantage. And this downturn is no different.

If you’ve got cash—or the availability of cash—here are three investments to consider.

  

"How Maren and Christopher built a partnership and a business that supports the life they want"

From E-Myth:

* And so they went to work on their business with their EMyth Coach, Ed Sinko. The result is a company of over 100 engaged and inspired employees that helps thousands of children in New Hampshire and Vermont every year, giving Maren and Christopher the freedom to split their time between their boat in the Northeast and their house in Nicaragua, where they support local children in receiving an education. We spoke with the Boothbys and their coach Ed about what it takes to truly systematize your business, and how to build a team that will give their whole hearts to your work in the process.

  

"Do COVID-19 Complications With Marriage Licenses Show It's Time To Get the Government Out of Marriage?"

From Reason:

* Touching stuff. Unfortunately, more than two months later, New Yorkers are still struggling to book their licensing appointments since the city clerk's office has a huge backlog. For couples with an urgent reason to wed, this is untenable: A couple profiled in The City's report on the situation finally eloped to Maryland, à laThePhiladelphia Story, because the husband was set to lose his health insurance and the wife worried her work visa would no longer be enough to avoid deportation. They couldn't wait on a local license.

This sort of delay isn't unique to New York. In Galveston County, Texas, marriage license requests have more than tripled because nearby cities and states are simply not licensing quickly enough, if at all. Likewise, some local governments have delayedissuance of pet licenses and tree-trimming permits; more seriously, some have haltedbuilding inspections, prolonging or effectively suspending construction work.

All such coronavirus-induced malfunctions of governance should occasion reexamination of whether we actually need many of the regulations shaping our daily lives. The pandemic has already prompted fresh scrutiny of alcohol laws, medical testing rules, occupational licensing, and more. But marriage licenses, the most intimate of the lot, deserve particular attention. The state should not be involved in marriage—not licensing, conducting, or defining it.

 

"After Kelly Preston’s breast cancer death, a reminder of the disease’s financial toll"

From Market Watch:

* Unfortunately, that treatment can be expensive, even for patients with robust health insurance. About one in four cancer patients have to borrow money, go into debt or file for bankruptcy to pay for treatment, a 2019 report from the U.S. Centers for Disease Control found.

 

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