Blog articles published on ricksondsouza.com
Debt has got a bad name. The goal for so many of us is to clear debt, get rid of it swiftly. While most of us are familiar with good debt and bad debt, debt is still hardly ever seen as an asset or as a wealth-growth tool. Well, I’ve got an interesting client case study to share with you…
As an entrepreneur in a joint business partnership, it is important to think about the repercussions your business partner may face should something happen to you. Would they find it easy to handle the business once you are no longer around? Will there be new stakeholders in the business? And how amicable and smooth would the transition of these relationships…
Two different kinds of policies with very different applications. Before I jump into explaining when you require each one, let me start by explaining the structure of each of these policy types. Term Life Insurance Policies Temporary life insurance is the terminology used for Term Life Insurance policies. The reason it is called ‘temporary’ is the policy usually ends at a pre-planned date. For example, if you decide you’re going to buy a Term Insurance policy today for a period of 20…
Life insurance for children – a branch of life insurance that is not as well-known but could definitely be a hidden gem, a gift that keeps giving. What is a Child Life Insurance Policy? A child life insurance policy is unlike a regular life insurance policy. In a child life insurance policy, the payer of the policy is usually the parent or the grandparent. The person who is insured is the child. And the beneficiary of the policy could…
As a life insurance advisor, when the time to keep my promise arises, it’s a huge release for me because I can keep my word of showing up with the cheque when the worst happens. But what also comes with that is an emotional loss, as my clients are also my friends and this relationship becomes a big part of each other’s lives. “Basheer…
It is important that the payout of a life insurance policy is received hassle-free by the person intended to receive it. The consequences of missing out on important details can be grave. Before you pen down a beneficiary’s name in your application for life insurance, use this as a checklist of things to consider. 1. Know the Purpose of the Policy What is the reason for purchasing…
