Life insurance policy for cash

Insurance

Insurance (Photo credit: Christopher S. Penn)

Life insurance policy for cash

As we go into the new year of 2014, many people are strapped for cash. They start looking at all the possible places they can scrape up money. Many people start asking for refunds on things they purchased to see how much cash they can gather. Some people start selling off assets. You can even sell a life insurance policy. It’s called a life settlement. A Life Settlement is the sale of a life insurance policy to a third party in exchange for a cash settlement in excess of the policy’s cash surrender value, even if there is none.  This is also called and insurance settlement or senior settlement. This is an innovative wealth and estate planning too. It takes away the burden of expensive insurance premium payments and provides a lump sum cash settlement. This allows policyholders to get cash out of their life insurance policy, in an amount in excess of the policy’s cash value (if any), while they are still alive. Read more

Crowdfunding- Business Enterprise Center- Los Angeles

Los Angeles View 2011

Los Angeles View  (Photo credit: Slices of Light )

Hi, I will be on a panel speaking about Crowdfunding on January 22, 2014!

Business Enterprise Center at 6109 S. Western Avenue Los Angeles 90047. Read more

4 steps you can follow to build your business credit

As an experienced Canadian credit reporting professional and a business man himself, Pat Drummond knows the challenges that small businesses face, and has learned from experience how to avoid common mistakes, which may eat up valuable time and money. Small businesses especially ones that are generally family-owned or those that have been operating for less than 2 years need access to credit. Here are 4 steps you can follow to build your business credit:

1. Establish a Business Credit Report

Every business starts with no credit score, and no credit history. Similar to your personal credit report, a business good credit profile can help your company grow and prosper. As you make connections to your business clients, you can start to build your working relations and credit profile.  As the business expands and starts establishing it, approvals for loans will get easier. Read more

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