Tag: Life Insurance

De-Risk Your Joint Partnership Business with Life Insurance

De-Risk Your Joint Partnership Business with Life Insurance

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…

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When Should You Switch from Temporary to Permanent Life Insurance?

When Should You Switch from Temporary to Permanent Life Insurance?

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…

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Child Life Insurance Policies- A Gift That Grows in Value

Child Life Insurance Policies- A Gift That Grows in Value

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…

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Independent Financial Advisors Versus Tied Agents- Which One Is Right for Me?

Independent Financial Advisors Versus Tied Agents- Which One Is Right for Me?

A question I’d like you to play with is, “how much do I trust my financial advisor?”.   Is the trust enough for you to give them total responsibility on the handlings of a lifetime’s worth of wealth?   If you’ve been having doubts about this, that’s great. Always question everything. If not, then you definitely should be. One of the critical distinguishing factors that determine an…

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Leveraging Bank Deposits to Increase your Networth?

Leveraging Bank Deposits to Increase your Networth?

When you’d like to pass down money to your heirs, saving your life’s earnings into a fixed deposit account or investment portfolio is a common option. You depend on estimated interest rate fluctuations or returns from your investment portfolio to determine your growth. And you have the added benefit of being able to draw out the funds should there be an emergency.  But what would happen when the…

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Have You Been Audited Recently?

Have You Been Audited Recently?

Hearing a statement like this may scare most people. No, I’m not referring to being audited by tax authorities. You don’t have to pay fines or dues- at least not in the traditional sense. But what you don’t know can hurt you.  What am I referring to? When I talk about having been audited lately, I’m referring to how the average man, people like you and me, goes about fulfilling our financial needs. How…

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