Don't you hear that often from business owners? They think that their business is the best form of insurance. They reject your proposals because "the money I put into my business can grow many times that of what you are proposing". As a result, they believe that they don't need life insurance. But it is precisely because of their business ownership that they need more insurance than a non-business owner.
Mr Edmund Toh, Director, Bluefin Academy Pte Ltd, School of Business Planning, highlights some concepts of why this is so in the table below:
Overview of concerns and needs when an owner-operated company outlives its owner
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