Is it Time for Business Owners to Take Off Their Invincibility Cloak?

entrepreneur's invincibility cloak

Something about the phrase, “Don’t worry about it,” automatically has the opposite impact on me. Whether it comes from one of my kids or someone trying to convince me of something I’m unconvinced about, that phrase always makes me suspicious. Here is a story where a business owner was told by his business partner, “don’t worry about it,” when asked … Read More

Why Using Private Medical Clinics May Cost you More for Life Insurance

private medical clinic

Using Private Medical Clinics May Cost you More for Life Insurance. If you use a private medical clinic –  like Medcan, Medisys or The Cleveland Clinic –  it may cost you more for life insurance. In some cases, it may cause a postponed decision or an outright decline by an insurance carrier.  This may not seem significant to some, but … Read More

Split Dollar Critical Illness: Would You Play the Lottery if you were Guaranteed to Win?

I’ve had some interesting discussions over the years with Business Owners about insurance in general. I’ve often heard, ” it’s expensive”, “it rarely pays out”, “nothing is going to happen to me”, “I’ll self-insure instead” (I didn’t say they were all sound arguments). Whatever the argument, no one really wants to buy insurance unless they know they will get sick. … Read More

4 Ways You Can Protect Your Family if Something Happens to your Business?

As a 20-something year old entrepreneur, I thought I was invincible. The amount of bravado that young business owners walk around with is, both inspiring and disarming. “What could happen to me?, besides I’m not married and don’t have any kids. So why would I need insurance to protect my business?” The naive, yet not so innocent words uttered from … Read More

Critical Illness: What Awaits You and Your Business if You Get Sick?

Critical Illness Insurance

Why a Doctor Invented Critical Illness Insurance Dr Marius Barnard invented Critical Illness insurance. Marius assisted his brother Dr Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of dealing with cardiac patients, Marius observed that those patients that were better able to deal with the financial stress of their illness recovered … Read More