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By Edwin I. Grinberg, Esq. President, Lionshead Financial Planning Company

Many successful  entrepreneurs with profit sharing plans or key executives participating in profit sharing may find themselves in situations where they need more life insurance to protect their family or for other needs. Others may be focused more on protecting their families in the event of a premature death, rather than on their own retirement. They, however, do not have sufficient cash flow or other sources of funds to purchase life insurance. As a result, they run the risk of placing their families in financial distress in the event of their death.

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