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Gelinas Financial Group, Inc.

LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.

Understanding the benefits of Key Man Insurance

Shawna Kreis Shawna Kreis , 6/24/2015
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Gelinas Financial, GA, Key man insuranceSmall business owners face a number of challenges when they are starting out. Generally, they are competing with larger, more established firms and they must be very aggressive to find success. Family-owned businesses often are run by the family patriarch or matriarch and passed on from generation to generation. Unfortunately, one of the important things that many of these mom-and-pop firms overlook is the value of business insurance.

Why it matters for small operations

In general, when you run a family-owned business, your business is associated with your name. Loyal customers often keep doing business with you simply because they know you and they know your name. However, this could all change if you are suddenly killed in an automobile accident or suffer a catastrophic health issue that results in your death. Financially, your business could be ruined unless you have taken out the right commercial insurance.

Key man insurance policies protect everyone

Small businesses often face cash-flow issues and a sudden death of someone in a key role can have a devastating impact on sales. Business insurance that pays the business in the event of the death of a key player can help them survive this type of an upset and allow them to regain their footing with the new principals. Since the policy beneficiary is the business, an influx of capital when you most need to rebuild your company image can be very helpful. Typically, a one-person operation does not need key man insurance since chances are you will have life insurance coverage to leave for your family. However, if you run a small family-owned business, key man coverage can help protect your business while they rebuild after you are gone. The time, energy and effort you put into building your business could be potentially wasted if your survivors are unable to maintain the business after your death. Give our office a call today about the types of commercial insurance that can protect your family and your business. Content provided by Transformer Marketing.