Disability insurance with a “return of premium” rider (ROP for short) is a type of insurance made to protect your income if you get sick or hurt and cannot work, but where you can get a 100 percent refund of all your premiums paid, typically at age 67, if you don’t have any claims.
The agriculture industry is anything but predictable. Growers and packers must navigate unpredictable weather, volatile crop prices, changing consumer demand, international trade politics and much more. It is challenging to manage it all. However, every farmer needs a team member that can be counted on to help them through feast or famine – a trusted banker.
Succession planning is defined as the process in which an organization ensures employees are recruited and developed to fill each key role within the company. For many organizations this is an overwhelming task that gets set aside year after year.
Prior to state or federal involvement, a market existed within the agriculture industry for those who could gather a crew of workers and bring that crew to various farmers to help with certain tasks – be it harvest, pruning or general labor.
As humans, we want to be understood. As leaders, we often believe it is imperative that our team members understand us, because if they could just understand what we want and our point of view they would be as dedicated and passionate as we are toward our vision.
What if you could control the future? You can, by ensuring that your estate planning documents and your business succession documents reflect your needs and wants for your finances, your health and your business.
One huge downside to life and disability insurance is that it requires “insurability” to obtain it. This means you have to pass underwriting which could include medical exams, lab work, and with disability insurance financial documentation proving earned income.
MANSON — Angela Jacobs skated into the world of winemaking wearing kneepads and a crash helmet. A decade after starting WineGirl Wines, Jacobs has mellowed a bit, along with her sure-footed presence in Lake Chelan’s burgeoning wine industry.
We have all heard horror stories or read headlines regarding the 30-plus year bookkeeper, the disgruntled employee or the nephew who fell on hard times, each of which being charged with fraud, embezzlement or the like and the owner of the business was perplexed as to how something like this could have happened.
Hiring and firing are two of the most challenging activities we do as leaders. It is in our best interest to do all we can do to assure we not only hire well, but are diligent and consistent in our onboarding process to foster short and long term success of our employees.
At a recent speaking engagement, I shared a practice we do as part of our way of operating our business (EOS®) called Quarterly Check-ins. In a nutshell, I (and anyone with direct reports) have an informal off-site meeting with each of our direct reports. During this meeting, we share what’s working and what's not working.