With Covid wreaking havoc in our economy, it’s inevitable that some employers have resorted to retrenchment exercises, to keep their company viable. Among the big names who have resorted to laying off staff are SIA and Resort World Sentosa. And with no end in sight for the Covid-19 crisis globally, it is likely that retrenchments will continue to make headlines in the months … [Read more...] about How to Cope With a Retrenchment?
I have often been asked by those seeking opportunities outside of full time employment, the following questions: Is an Insurance Agent's Career really that great? What are the alternatives if an insurance career is not for me? I have always held the opinion that a Life Insurance Agent's career can be both fulfilling and lucrative. That said, however good the career … [Read more...] about Insurance and Alternative Careers
After writing my previous blog post on funeral pre-planning, a friend asked about my thoughts on final expense insurance. For those unfamiliar, it’s an insurance plan taken up for the purpose of providing for funeral related expenses, in the event of death of the insured. He was told by an insurance agent that funerals can be expensive and that he should plan for it. Before … [Read more...] about Final (Funeral ) Expense Insurance – Do You Need it?
It is common to see insurance agents educating their prospects and clients on the need for death and estate planning. However during such planning, many of these agents stop short at ensuring their clients have sufficient insurance coverage in the event of their death. While insurance planning is important, money alone cannot solve everything. Another area which needs to be … [Read more...] about Funeral Pre-Planning as Part of Death and Estate Planning
As an agency executive, one of the toughest part of my job then was to tell insurance agents vying for promotion that they are not ready for the agency leader's role. It was tough because a number of these hopefuls joined the industry from the onset with just one goal in mind - to become an agency leader some day. If not handled well, some of these agents may leave, thinking … [Read more...] about Insurance Agents Applying for Promotion – Please Read This