Episode 209: 100% Non-Negotiable Protection for Business Owners That Almost No One Has

🚨 FREE Life Insurance Evaluation with ScottIf you’re a business owner and you’re not 100% certain your income, equity, and family are protected — book your free 30-minute life insurance evaluation here:👉 https://ptlegends.com/30mincallwithscottThis is a protection review — not a sales pitch. Make sure you’re covered correctly.In this episode of The Profit Lifestyle for Fitness Entrepreneurs, Scott Carpenter and Andy Boimila break down the one form of protection that every business owner needs… yet almost nobody has properly structured.Term life insurance.Not the small policy you forgot about.Not the $50–80K policy that barely covers funeral costs.Not the “I’ll get to it later” conversation.Real protection.Because when the primary income earner dies, it’s not just emotional damage — it’s financial collapse.The Hard Reality Most Entrepreneurs IgnoreScott shares something most of us have seen:Healthy gym owners passing unexpectedly40-year-olds gone overnightGoFundMe pages launched within daysAnd the harsh truth?$100,000 raised online may barely cover funeral costs and a short window of expensesEP. 209 Copy 01.If your income disappears:Your spouse may not be able to run the businessRevenue likely drops immediatelyBusiness partners must buy out your equityKids’ futures are financially disruptedOperating agreements may require large payoutsWithout proper coverage, surviving partners and families face enormous strainEP. 209 Copy 01.This is preventable.Why Term Life Is the BaselineScott makes it simple:$1M in coverage can cost surprisingly little per month (depending on age and health) EP. 209 Copy 01Payouts are generally tax-freeThe younger and healthier you are, the cheaper it isIf your health changes, you may become uninsurableAnd here’s the part most people miss:When you need life insurance, you often can’t get it.That’s why acting while you qualify is criticalEP. 209 Copy 01.Business Owners: This Is Bigger Than Family ProtectionIf you have:A 50/50 (or any %) business partnerEmployees depending on revenueShared equity agreementsSeller financingOperating agreements requiring payoutYou likely need:Personal term coveragePartner cross-coveragePossibly key-man insurancePossibly convertible structuresScott explains how one medical event can make someone permanently uninsurable — even if they were perfectly healthy beforeEP. 209 Copy 01.That risk is real.Beyond Term: Optimization LaterThis episode focuses on baseline protection.Scott briefly references:Convertible termWhole lifeInfinite banking strategiesTax-advantaged growthUsing policies to fund investmentsBut the order matters:Protect income.Protect equity.Protect family.Then optimize wealth.Protection first.The Peace of Mind FactorAndy shares something powerful:Over the last few years, life has proven there are no guaranteesEP. 209 Copy 01.As business owners, we carry stress daily:Revenue targetsPayrollClientsGrowthMarket changesKnowing your family would be financially secure — no matter what — removes a massive unseen burden.And it costs less than most people spend on coffee each monthEP. 209 Copy 01.Who Needs to Watch ThisThis episode is for:Gym ownersFitness entrepreneursSmall business ownersPrimary income earnersBusiness partnersParentsIf you think you “already have something,” you should still review it.Most policies are underfunded, outdated, overpriced, or structured incorrectly.Get a Free Life Insurance EvaluationScott is offering a free 30-minute review to:Evaluate your current policyCheck coverage adequacyReview pricingDiscuss convertible optionsReview partner protectionEvaluate spouse coverageAnalyze buy-sell exposureBook here:👉 https://ptlegends.com/30mincallwithscottOr email directly:📩 [e-mail]🚨 Again — Book Your Free Life Insurance Evaluation:👉 https://ptlegends.com/30mincallwithscottThis is 100% non-negotiable protection.Don’t wait for the “what if.”Protect the people who depend on you.