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... want to continue to work, either for himself or for someone else? Consider this: The average life expectancy is 75 years; You'll spend 25 years sleeping; You'll spend 20 years growing up; You'll spend 15 years working; You'll spend 10 years in your old age, too infirm to embrace life; and You'll spend 3 years driving, cooking, cleaning, and waiting in lines. This leaves you with only about 730 days to have some fun. Do you really want to own you agency and keep working until ... significant pressure on agency profitability for a number of reasons: The soft market has reduced premiums and commissions. The economy has driven many companies out of business, which eliminates agency commissions. Companies still in business have reduced payroll and sales, leading to decreased commissions. Home foreclosures have increased, which results in lost homeowner commissions. What to Do Agency owners need to take a long, hard look at their short- and long-term goals. In some cases, an owner might be much better off financially by selling the agency and ... in six months and could make more money as a producer for a larger agency. At age 74, does he really want to continue to work, either for himself or for someone else? Consider this: The average life expectancy is 75 years; You'll spend 25 years sleeping; You'll spend 20 years growing up; You'll spend 15 years working; You'll spend 10 years in your old age, too infirm to embrace life; and You'll spend 3 years driving, cooking, cleaning, and waiting in lines. This leaves ...

...just their expectations. The same holds true of insurance agency values. Coul...ional Alliance for Insurance Education and Research.

...cy may create a problem for policy holders who live to that age (often 95 years old). Based on the values of several such ...re is tax on the bonus, the cash value of the policy will grow virtually tax-f...