Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - August 31, 2020

August 31, 2020
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News. Insights. Analysis. Inspiration.


Today's Key Question:

Are you aware of the best tools for preventing creditors from grabbing your money? Life insurance is one of them. 

See the article below from Wealth Advisor.


"Fed announces landmark policy shift to spur inflation, job growth, keeping rates low longer"

From USA Today:

* The Federal Reserve on Thursday adopted a historic shift in its approach to interest-rate policy that places more emphasis on boosting employment and allows inflation to rise above the Fed’s 2% target during economic expansions, keeping rates lower for longer.


"As Laura Wreaks Havoc Along The Gulf, Is Your Insurance Ready to Respond"

From National Law Review:

* As Texas and Louisiana brace for Hurricane Laura to make landfall, policyholders in the affected regions should be making last minute preparations to ensure their properties are covered in the storm’s wake.

Hurricane Laura is expected to make landfall as a Category 4 storm tonight, or early Thursday morning between Houston, Texas and Lake Charles, Louisiana. With wind speeds reaching over 120 mph, Laura has the potential for catastrophic damage to life and property and long-term disruption of normal business operations. The following three steps are crucial to ensuring that you protect your property and business and maximize insurance proceeds should your property fall in the path of this storm:


"New Trump coronavirus adviser makes case for opening all schools"

From Washington Examiner:

* Locking down schools once an individual is confirmed to have the coronavirus is a “panic-driven response,” Atlas said. 

“The president outlined guidelines to get children safely back to school, including making sure that the schools have the resources to protect the high-risk teachers, the high-risk students,” Atlas said. “And they have options for isolating high-risk people from the on-campus environment: Have them teach at a distance.”  

Infections in schools should be expected, Atlas said, and to shut them down to avoid serious illness would be “a very misguided panic” and “not the appropriate response.”


"Protecting Yourself From Creditors Out To Grab Your Money"

From Wealth Advisor:

* Holstine: Tools including insurance protection, corporations, and trusts. A great example: A business owner our firm represented for nearly 20 years before the business was recently sold. As the business grew and acquired real estate, each new purchase was owned by a separate limited liability corporation, which then leased the property to the company. 


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