You may not come from a rich family, but a rich family can come from you.
Agnes Chew Lou Yung
(RNF No.CLY300104060)
My interest in the insurance industry ignited from a 2 years stint with an insurance brokerage firm servicing a stream of High Net Worth individuals. I was bedazzled by the jumbo life insurance amounts they were applying for. It ranged from as little as USD 5 million to as much as USD 100 million. I wondered why these individuals with such illustrious net worth still required this much coverage.
I later came to learn that such jumbo life insurance played a pivotal role in hedging against business loans, upholding the family's standard of living in the event of an untimely demise of the life assured & to also ensure minimal business disruption & continuity. This risk transfer mechanism paired with diverse wealth accumulation tools ensure that the family's wealth perpetuates across generations & resonates with the statement that
"Wealth begets wealth & the rich gets richer".
In my 10 years stint with Great Eastern, I am of the sentiment that most of us are under-covered & under-accumulating. The majority are not maximising protection & financial planning. Through my work, I hope to cement the importance of risk transfer & wealth accumulation. I believe through holistic protection & financial planning one can fulfil the below notion:
"You may not come from a rich family, but a rich family can come from you".
Accolades:
MDRT Qualifier 2021, 2022
IDA 2022
GEL Achievers Convention/Awards, Munich / Barcelona / Rome / London / New York / Sapporo
Chartered Financial Consultant (ChFC®️/S)