Bill O'Quin, CLU, ChFC, RFC

Bill O'Quin, CLU, ChFC, RFC

Bill is a 40-year veteran of the insurance and financial services industry. He is publisher of The Virtual Assistant, The Virtual Library and The Field Library, the most comprehensive support tools in the industry. is a complete library of point-of-sale presentations, one-pagers, calculators, reference books and more that supports producers regardless of their practice specialty, distribution channel or career stage. He can be contacted at boquin (at) fsonline (dot) com.

July 24, 2017

Separating Fact From Fiction When It Comes to Long-Term Care Insurance

Few people are prepared to handle the financial burden of long-term health care. In fact, many people have a false sense of security when it comes to long-term care. Let’s separate fact from fiction:

“Medicare and my Medicare supplement policy will cover it.” FACTS: Medicare and “Medigap” insurance was never intended to pay for ongoing, long-term care.

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November 11, 2015

This May Jeopardize Your Retirement

The rising cost of health care in the United States has become one of the primary risks to a financially secure retirement. With health care costs expected to continue increasing faster than inflation, the time to plan for your future health care needs is now—before you retire. Here are some things you’ll need to plan for.

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June 9, 2015

Here’s What a Trust Is and Why You Might Need One

The legal rights of property ownership and control rest with the trustee, who then has the responsibility of managing the property as directed by the grantor in the trust document for the ultimate benefit of the trust beneficiary.

A trust can be a living trust, which takes effect during the lifetime of the grantor, or it can be a testamentary trust, which is created by the will and does not become operative until death.

In addition, a trust can be a revocable trust, meaning that the grantor retains the right to terminate the trust during lifetime and recover the trust assets, or it can be an irrevocable trust, meaning that the grantor cannot change or terminate the trust or recover assets transferred to the trust.

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May 18, 2015

Keeping Your Small Business in Business Through a Disability

If you own a business, you know how it feels to live for that business. You also rely on it to support you and your family. So, what would happen if you suddenly became ill or injured and could no longer work? You need to think about the what-ifs.

The fact is, your loved ones may not have the skills or desire to run the business, and your co-owners may not welcome the idea of an unintended partner. Also, imagine the scenario where it is one of your co-owners who becomes permanently disabled and you’re faced with those choices.

That’s where a disability buy-sell plan comes in to play. This is an agreement among owners to buy out a co-owner’s share of the business in the event of a permanent disability. Here are four options for funding that agreement:

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