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…
What if you could transform your body or your business in 90 days? No, I’m not about to pitch you the newest fitness-business hybrid version of P90X… But I do want to share an experience and some thoughts with you. At the time of writing this article, I’m just getting to the end of an elite body transformation program. My…
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. Some of these Life Insurance nuggets might help you to…
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 to me to discuss their particular situations in closer detail.…
I’ve got two rather personal stories for you today. They both stem from the same set of circumstances but have completely different outcomes. In one case, I lost my client’s trust and over time, regained it. In the other, I lost it and never got it back. Both stories are emotionally laden for me. They take me back to one of the hardest points in my career so far.
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…
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 got a steady income inflow. The natural follow-up response to…
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…
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 an element of truth attached to it. These pitches usually…