Musings on work, success, financial advice, life experiences and more.

7 Ways Entrepreneurs Use Life Insurance

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…

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

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 facility that they had been extending to him for the…

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What Partnership Insurance Does For Your Business

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 difficult conversation that so many business partners don’t want to…

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

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.  I recommend that entrepreneurs, business partners, and family members in…

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