What if we told you that it’s routine for investors to require life insurance on the founders of a company before they will invest in it? This is sometimes called key person insurance, specifically it’s a term life insurance policy with the company itself named as the beneficiary.
Now if you are wavering even just a little bit on your resolve to ignore life insurance we suggest you stop reading now.
Careful now. Whatever you do don’t see your household as it’s own sort of business that’s partially or entirely dependant on you. Things will get weird. You might start to feel obligations to protect the people at the dinner table as fiercely as a shark protects their bottom line. Better to just change the channel, see what the Kardashians are up to, we’ll guarantee it’s not sound financial planning.