I’ve been an aspiring athlete for 3-4 years now. And a big part of that involves me preparing for races, whether they are runs, swims, or bike rides. When my fitness and business transformation began at the age of 34, my outlook towards my body and business goals was nothing short of a race. Starting from ground zero, I definitely had a long way to go. And in having participated in these…
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…
In my 21+ years as a life insurance and financial services advisor, dealing with high-level executives and top-performing entrepreneurs, I’ve met clients with different levels of experience with investing. It’s interesting to hear the questions that come up in my meetings, these questions have mostly been around restructuring existing portfolios. If you’ve been having doubts like: Why don’t all of my asset classes perform…
As life insurance advisors, we’re called on field as the most valuable player when a client of ours passes away- to show up with the cheque for the dependents, no matter what. In the lifecycle of serving a client, this is really one of the most crucial moments. And different advisors have their own philosophy around how they deal with the claims settlement process. You could either only do what’s…
“I felt my fingers twitching, my body shaking, I felt like I needed to get out of the pit as quickly as possible and I didn’t see this coming.” I’ve always been looking for the next adrenaline rush that would push my limits, and that’s primarily been through testing my physical fitness. I’ve done ultra-running. I’ve done triathlons. I’ve thrown…