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Episode Description:
In this episode of The Wealth Guide Podcast, our Director and Senior Financial Planner, Ray Regmi, shares a case study on how key person insurance saved a business when tragedy struck.
Ray talks about the necessity of distinguishing between personal and business insurance, the unique aspects of key person insurance, and the intricate process of assessing and addressing business risks.
He also discusses the importance of revenue and capital protection, the complexities of replacing skilled personnel, and the real-life impact of adequate insurance coverage on a business’s ability to weather unexpected events.