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December 8, 2022

7 Ways Entrepreneurs Use Life Insurance

When I get asked what I do, I tell people I’m a Life Insurance Advisor to High and Ultra High Net Worth Entrepreneurs.  A common follow-up question is: Do entrepreneurs use Life Insurance differently?  After having specifically served this segment for over 10 years now, I can confirm that entrepreneurs, especially High Net Worth entrepreneurs do indeed use Life Insurance in different ways to, say, a Fortune 500 CEO.   Some of these applications of Life Insurance for entrepreneurs are straightforward. Others are slightly more creative ways of managing and protecting a business, the entrepreneur's personal assets, and their legacy. . . .

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7 Ways Entrepreneurs Use Life Insurance

When I get asked what I do, I tell people I’m a Life Insurance Advisor to High and Ultra High Net Worth Entrepreneurs.  A common follow-up question is: Do entrepreneurs use Life Insurance differently?  After having specifically served this segment for over 10 years now, I can confirm that entrepreneurs, . . .

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Right Time to Buy Life Insurance Series: Too Late Procuring Life Insurance

I’ll go straight into a short but rather unfortunate case study.  In 2003, I got introduced to Ritesh, a businessman who needed to procure Life Insurance cover worth US$ 2-3 million.  The bank had asked Ritesh to provide some form of collateral to be able to continue extending the credit . . .

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Things You Don’t Know You Don’t Know About Life Insurance

After years of sharing my content across different platforms, there’s one thing I never tire of hearing. And that is the phrase: I didn't know THAT about Life Insurance!  So, I thought I’d compile a short list of all the things you don’t know you don’t know about Life Insurance.  . . .

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How to De-Risk Your Wealth and Finances as a C-Suite Executive

A few weeks ago, I wrote about the C-suite Dilemma. The article focused on the major personal finance challenges that C-suite executives face when they are ready to step down from the upper echelons of the corporate world.  The article led to a few executives in my network reaching out . . .

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What Partnership Insurance Does For Your Business

Over the course of my career, I’ve successfully exited two partnerships. One of these partnerships was with my brother.  We ran a thriving Insurance Brokerage together. We knew how important it was to get the right business protection in place. And so, my brother and I got around to the . . .

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Why Do High-Income Executives Need Life Insurance?

Recently, I wrote an article on the C-Suite Dilemma. It piqued the interest of some high-flying executives in my network and led to a few interesting conversations.  The gist of my article was 'Make hay while the sun shines.' Get all the right plans and policies in place while you've . . .

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Dear Entrepreneur: Are You on Your Company’s Group Medical Insurance Plan?

I see this often: Entrepreneurs often include themselves on their company's group medical insurance plan.  Alternatively, with family businesses especially, the entire business-owning family would be on the same group medical insurance plan.  While this does come with a certain cost-benefit, neither of these approaches is a wise long-term move.  . . .

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The Right Time to Buy Life Insurance Series: How A Smoker Took the Plunge

When it comes to purchasing Life Insurance, you'll often hear the 'time is of the essence' pitch. Many Life Insurance agents are trained to use the passing of time as a scare tactic to create urgency to buy.  While that is by no means pleasant to hear, it does have . . .

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Case Study: Have You Got Your Lifeboat In Place?

When I joined the Life Insurance industry back in 1999, I was a young, ambitious, and impressionable advisor.   I got coached by an old-school advisor who taught me to use some pretty dramatic analogies and metaphors when selling Life Insurance.  Some of these included positioning Life Insurance as a lifeboat . . .

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