Beverly Hills Times, April 2012

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TIMES
News
Entertainment Business Nightlife
BEV ERLY H I LLS
Magic Johnson’s L.A.
Premier
of his HIV/AIDS
docu-drama
“The Announcement”
Supermodel Amber Valletta
Emcees for Big Brothers
Big Sisters
Fashion Show
Financial Guru
MICHAEL J. KRUPIN
Offers One Easy Step to
protect your cash and assets
Artist Extraordinaire
Jack Armstrong
unveils his $3 million
Cosmic Harley
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Beverly Hills Financial Heavy Weight
Michael J. Krupin
a big player on the chess board of life....
LITERALLY!
By Suzanne Takowsky
Photography by David Sobel
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H
aving spent my life perfecting my craft—
write interesting stories AND have people
read them—I found it shocking weeks ago
when someone brought to my attention
that I was in the entertainment business.
ENTERTAINMENT BUSINESS? I protested
that I do not write entertainment; that my goal
as a journalist is to offer interestingly, informative
articles. WHAT? Mission NOT accomplished?
Reluctantly, I re-examined what my power with the pen
brings forth and found myself considering three things:
#1. Out of all the places I could have lived and worked
I chose LA; specifically Beverly Hills. Not exactly a
political mecca or hard news arena like Washington.
And I write for the Beverly Hills Times magazine—
not the Wall Street Journal. Translation: So almost
“by accident” I live and work in the “entertainment”
capitol of the world. BIG DEAL!
#2. I ABSOLUTELY DO bring cutting-edge, newsworthy stories to my readers. BUT according to my
staff, my stories gravitate toward how to stay looking
young and skinny and live a fabulous life forever. WHO
in Beverly Hills doesn’t think this is VITAL news?
#3. That I avoid writing stories that might bring readers
“down”—SO NOT TRUE. I’m a staunch animal rights
activist and include stories about rescuing animals and
bettering their lives (stories and photos can be shocking!). Although my staff admits this to be true, they
“alerted” me to the fact I preach more on how people
can better the lives of animals, than on how people
can better their own lives—that doesn’t revolve
around beauty, health and fitness, or how to spring
clean your brain and avoid a trip to rehab. OMG!
So here we go people. A serious, interesting, hardhitting, eye-opening look into how to better your life
that doesn’t revolve around how you look, but how to
achieve peace of mind. The topic will NOT bring you
down, but will change your perspective on two things
NONE of us can run or hide from: life and death. And
this article will shock you from the “deep sleep” of hoping to secure your financial future (and that of your
family) by winning the lottery, buying a big house or
stashing cash in a savings account for a rainy day.
And who better for me to profile for this story, than a
man whose business is educating adults on HOW
to become responsible, independent grown-ups.
Michael J. Krupin rose from the depths of poverty
with a fire in his belly to change his life. He was 17years-old when he left the backwoods of a tiny town
—Salem, Virginia to make something of his life that
he could be proud of. He never went back. Home
had been a two-room, small house where he lived
with his sister, mother, father, grandmother and
grandfather; all crowded in together. Although Mike
took with him unresolved memories of a childhood
filled with hardship and emotional void brought on
by parents who were not supportive or nurturing in
his life; he left behind the negative tapes that so
often play in our heads telling us what we CAN’T do.
He was on a mission to find out what he COULD do.
Mike also took one more thing with him on his journey: the guts to not only survive, but thrive and succeed in a world that rarely gives a second chance
at a new beginning.
Mike Krupin is legendary in the wealth distribution,
financial advisory, insurance industry. With 41-years in
the business world in his back pocket, there isn’t much
he doesn’t know, or can’t do. He is a serious guy who
does serious business, and he has built an empire
educating people on how to “reorganize” their
thought process to make their lives work for them.
AS OPPOSED to continuing to run on a rat wheel
that can and does dead end in financial disaster.
I had to admit to him that winning the BIG LOTTO
definitely has a place in my retirement/estate
planning package. Smirk if you want to, but you’ve
all thought about it, and bought Lotto tickets too!!!!
Could this be the most serious, interesting and
life-preserving journalistic article I’ve ever written?
Yes indeed, it just might be! Especially now in these
uncertain times when everything we’ve worked for is
riding on the decisions we make today, I don’t know
one person who won’t go for some FREE financial
“reorganization” tips from an expert whose business
is to protect what we have built, and keep our hard
earned dollars in our pockets. But what about the
“wealth distribution” part? I considered if that would
also appeal to readers. I know that whenever I hear
Suzy Orman or some CNN expert talk about wealth
building/distribution it sounds interesting, but I’m
forced to contemplate the relevancy of “wealth
distribution” in my own life (maybe you’ve felt the
same way). I mean how many of us have wealth to
redistribute? And on the topic of life and disability
insurance; are people up for that right now? Well,
after you read this article you probably will be.
As a single, working mother of three, I’ve spent
years building a business that I hope continues to
provide for my kids after I’m gone. Not that I plan to
“check out” anytime soon because although my life
is hectic and my work stressful, I’m as healthy as a
work horse. Oye Vey what a glamorous comparison!
But true. Nevertheless, because this is how I’ve
always thought—that nothing is going to happen to
me—maybe there are a few things I need to reconsider; maybe there are a few things we all should
reconsider. Occasionally, we need to step out of
“our world” and let someone with a new and educated perspective give us a qualified and unbiased
view of ways to make our lives better; ways we
never considered. Or maybe ways we considered,
but never thought we could do.
The day I walked into Mike’s Beverly Hills office
for our interview (he also has offices in Richmond,
Virginia and New York) the first thing that caught my
eye was the array of exotic fish having a blast in a
large, high tech tank they call “home.” Next...all of
the “Thank you for your help and guidance” notes
splashed across photos of superstars, athletes and
tons of recognizable faces from every field you can
imagine. Mike is extremely successful at what he
does because he is working with an unbeatable
team: his intelligence and his compassion for others.
He is no-nonsense when it comes to business, but
easy to talk to and non-judgmental. These are
incredibly important when you’re detailing a laundry
list of the hits and misses in your life, and need a
sympathetic ear to evaluate your next move. I asked
straight forward questions I thought everyone would
want answers to, and even spilled the beans on personal concerns regarding my business, and how to
best help my kids down the road. As a single parent,
paying the bills and helping my kids launch into lives
and careers of their own, these things are always on
my mind. I’m sure many of you are in the same boat.
Mike’s first sentence set the tone for the interview:
“The ONLY thing I require from clients is they are
truthful with me about their health, finances and
intention with their families; I take care of the rest.”
DAMN—one minute into the interview and I was
already stuck between a rock and a hard place. So in
keeping with his honesty-request-business-mantra,
FIRST QUESTION
ST: HELP?
MK: Each person has specific needs and desires
for their money and assets. What are yours?
ST: To have money for retirement and leave every
penny and asset I have to my kids if something
happens to me. Do you help regular people or are
your clients only the wealthy?
MK: Although I have a reputation for helping high net
worth individuals and families reorganize life insurance options for estate planning, I help 99% of everyone who walks through my door regardless of whether
they are a doctor, actor, business owner, attorney,
politician, school teacher, senior citizen or individual
from another country who lives in the United States.
If you want financial independence into retirement
and to protect your assets for yourself and loved ones
—you need a plan to accomplish these goals. We
spend our lives working to take care of ourselves
and our families. But with all the fine print that gets
glossed over in financial/retirement/insurance/estate
protection solutions, people often discover that what
they thought would take care of them when they retire,
or take care of their heirs when they pass on—isn’t
there. Without a financial plan for your life and, one
in place in case of your death, every day is a crap
shoot with you dreading what’s around the corner.
Without a financial plan
for your life and one in place
in case of your death,
everyday is a crap shoot
with you dreading what’s
around the corner. People don’t
realize they have it within their
power to live—rather than fear
life. But hindsight is always
better than NOWsight.
Why live in fear hoping the
unthinkable won’t happen?
Then, face disaster if it does.
People don’t understand they have it in their power
to live, rather than fear life. But hindsight is always
better than NOWsight. Why live in fear hoping the
unthinkable won’t happen, or that things will fall into
place when the time comes? Put in place NOW a
retirement plan to accommodate your lifestyle later.
Protect yourself NOW in case a disability appears
later. Act NOW when you have a voice to protect
those you love when you pass on. Prepare as best
you can for what could happen; if it doesn’t terrific.
But if it does...you have in place what you need to
make any transition an effective one for all involved.
Not one of us knows what tomorrow might bring.
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"In this economic climate
people know that liquidity
is not to be taken for
granted. Estate planning
relies on longevity and
market performance—
neither of which we have
any control over.
High net worth clients
use life insurance to
replace or supplement
liquid assets that
plummeted in value
during the recent downturn such as real estate
properties, stocks, mutual
funds, business holdings...
as well as to provide
the cash needed to pay
estate tax and cover
other wealth transfer
costs. New and more
efficient policies benefit
clients in achieving
these objectives at a
greatly reduced cost.
Some people don’t
understand the leverage
life insurance offers, but
once it is explained to
them a light goes off.
Life insurance is the only
financial instrument
that comes with
guarantees: a secured
retirement, leverage with
wealth transfer, it
preserves assets and,
it is tax free cash!”
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It’s true what Mike says. People are running on
FEAR. Fear from what happened or could happen.
Fear of not being able to make money. People
everywhere are worried; some are traumatized
because due to financial mismanagement and bad
estate planning have lost everything. After listening to Mike, I know that I’m not fully prepared. My
excuse is always I’m “too busy” to sit down with
an advisor, go over my options and make a workable plan that fits my life. That has to change!
Because If I don’t make it a priority to take care
of myself and my family with good planning now,
then regardless of how hard I work, it won’t mean
anything if something happens I’m not prepared
for. This whole “prepared” thing seems to be less
about net worth and more about common sense.
ST: You led a sheltered life in a small town. What
and who prepared you to go out into the big
world of business? How did you get so smart?
MK: (Smiles). My father hardly said a word to me
or anyone. Thelma, my mother talked a lot, but we
didn’t discuss school, my future or what I wanted
to do. What taught me about life was sports: football, baseball and wrestling, especially wrestling.
Sports taught me about bonding and today, my
dearest friends are still the 10 guys I went to high
school with, played sports with and graduated with.
We talk every day. Sports made me a disciplined
person. My daily routine hasn’t changed in years.
I get up at 5:00 a.m; work out, and I’m in the office by
7:00-7:30; seven days a week—I don't need an
alarm clock to get up. This might sound funny, but
I'm afraid if I change anything it could all fall apart.
I mean I know it's not going to fall apart, but still
I feel I have to stick with a routine that’s been good
for me. I feel as long as I stay disciplined and,
continue to do the things that got me here, then
it's all going to be good. It's all going to be great.
And great it is! Ranked among the 1% of life
insurance advisors in the wealth redistribution
industry, Mike’s clients are the Who’s Who of the
rich and famous. Incredibly, his breakneck work
schedule realizes his firm more than $2 billion
dollars a year in life insurance/estate planning
policies. A distinguished member and recipient of
numerous awards from organizations including,
National Association of Life Underwriters, Million
Dollar Roundtable, National Association of Financial
Advisors and International Association of Registered
Financial Planners among others, have bestowed
on him an enviable edge in his industry. Mike works
with some of the most recognized law firms, business managers and financial advisors in the world
to protect the interests of their super sonic, haut
monde clients. A highly-sought after speaker, his
career has expanded internationally into teaching
seminars that instruct next generation professionals not just the value of writing a policy, but how to
foster relationships that span decades with trustworthy, skilled and ingenious know-how—keeping
clients happy, protected and in the black.
ST: It’s incredible what you’ve accomplished in
such a competitive business, and in Beverly Hills!
Some say it’s luck or fate… what do you think?
MK: Absolutely, I’m fortunate to be here, and I’ve
found that a southern gentleman in Beverly Hills
does very well. But I came with the same traits I
had in Virginia. Yes, ma'am. No, ma'am. Thank you
notes. Follow up. Do what you say you'll do. Be
available. Be accessible. Be polite and build a
relationship. People notice that I'm a nice person.
Because of where I came from, I’m humble and I
go out of my way to help people and I do whatever
it takes to accomplish whatever my clients need.
They see it and they appreciate it. And they like
me for it. I’m a good guy, and I’ve been that way
my whole life. I don't like confrontation; I'll address
it and try to find a solution that's fair to everybody
and then move forward. I don't spend time fighting
off problems or postponing a complication. If there
is an obstacle…what is it? I want to address it and
move on. Another thing I don't dwell on is the past.
Bad things happen in the past. But they happen.
When the economy collapsed in 2008, it affected
everyone. It happened, but let's go forward. That's
all that counts. The future. The next day. I'm still
here. I tell my staff and people I train in seminars;
be nice to people. Be truthful and always put their
best interests first. That's the key. Put their best
interests first. And it works. Word gets around and
the next thing you know—you have clients.
ST: Let’s talk about ‘those clients’. It’s your job
to help them avoid mistakes that could be disastrous. Does everyone listen to what you tell them?
What mistakes do people make with life insurance?
MK: With regard to the first part of your question;
no not everyone listens to what I tell them. But those
with the most to lose…they almost always listen.
About the common mistakes people make with life
insurance. Well, a big one is that they apply to one
carrier, unaware that one company underwrites a
person completely differently than another. For a
client that means the difference between getting
accepted, or not if a medical condition is involved.
Once a person is declined by a company, it deters
other companies from accepting them because
medical information stays on the MIB (Medical
Insurance Board) for five years. Also a “decline”
might force a client to pay considerably more for
a policy they could have secured for much less
with another carrier. Because I have access to 50
different insurance and financial companies, and
have relationships with these people that span 40
years—I don’t let my clients get declined. Problem
solved. Another mistake I see is people don’t have
their insurance set up correctly and don’t realize
how ownership, beneficiary designations and
product selection of their policy can dramatically
impact the benefit and value of their policy. The
most damaging to any estate planning program is
improper disposition of assets. There are other mistakes but these create disastrous circumstances.
ST: Poor and from the mountains of Virginia; did
you ever think you would end up a millionaire?
MK: Never. I slept on a rollaway bed and my sister
had a rollaway bed with mom and dad. We didn't
have a shower; we had to heat water on the stove if
we wanted to take a bath. It was my job everyday
to bring coal in from an alley to put in the stove. My
parents and grandparents worked in a foundry—
everybody worked in that foundry—but we never
had any money. Sports scholarships not academics
gave me a way out because I was a C-student in
school. No one in my family ever read a book, so
there wasn’t a book in the house to read. I am the
only one who graduated from high school. In my
senior year I had about 15 sports scholarships to
places like Miami, but couldn’t get accepted because
I needed 800 on my SAT scores...when I took the
test I got 790; no college would take me. My high
school coach called St. Christopher’s Prep School
in Richmond, Virginia and said…“We have a great
student. If you give him a chance to get in I think it
would benefit everybody.” I had an interview at the
school the next day. I went home and told Thelma…
“Mama I’m leaving,” she said “Mike where are you
going?” I replied, “I’m going to Richmond, Virginia to
see if I can get in this boarding school so I can go to
college.” She asked, “How are you getting there?”
I said, “I’m going to hitch hike.” I put on a clip-on tie,
a blue blazer, the only one I ever had, got on the
freeway and hitch hiked. A guy in the army on his
way to Norfolk, Virginia picked me up. I still don't
know where he dropped me off, but I asked about
100 people how to get to St. Christopher's Prep
School. The headmaster, football director, athletic
director all came to greet me. Everything was,
“Mr. Krupin”; I took the entrance exam and waited
in the library. Finally, they walked in and looked at
me and said, “Mr. Krupin, we must tell you that's
the worst entrance exam we have ever seen. That
being said, we feel if we do not accept you... you
would never make it to any college, son.” I said,
“Excuse me sir does that mean I'm in?” The football
coach said, “Yes. Football practice starts Monday.”
Incredibly, I discovered 45-years later at a football
reunion something I never knew. By then the headmaster was in his 80s, and also at the reunion. I
was retelling the story of how I got into the school
to my buddies when the headmaster got up from
the table and said, “Mr. Krupin” and I said, “Yes sir,”
and he says in front of everyone…“I graded that
paper and I must tell you, you didn't know a lot.
And all you wrote the essay on was football, but
the last sentence is what got you into college.”
Everybody is looking at him and at me because I
never knew anything about what he was saying.
Then he says, ”The last thing you said on that
essay was, "I've learned one thing about football.
If you get knocked on the ground, you better get up."
Then he said... “That’s what got you in.”
ST: After you left home you never looked back;
what about your family; you never went back?
MK: Never. I didn't see any reason to go back. It's
funny. I don't know. My parents never came to visit
me the whole year I was in boarding school at
St. Christopher's or when I was in college. My sister,
Donnabell got married when she was 17; about a
year before I left for school and moved away. I
remember the funeral when Thelma died, my sister
came and we were talking; I hadn't seen my sister
in 20 years. She said, ‘Michael, wasn't it so sad we
grew up so poor?’ I looked at her and said, “I didn't
know we were poor." This was a moment when
two siblings are together looking at life in a different way. She said, "Well, why do you think I got
married so young?” I said…"How do I know? All
I knew was that I had more room in the house when
you left and right after you left—I left.”
Then Mike says something quite interesting…
“But I had a good childhood,” and he says it with a
quiet, humble, unspoken sadness as if he needs to
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say it out loud to convince himself that maybe it
wasn’t as bad as he remembers. And in that moment
he also has a need to comfort me, and let me
know without saying it that...”Hey...I’m OK”... that
I shouldn’t feel bad—because he made it! He
made it through his past and found a way to
reconcile what happened in his childhood. There
is no doubt Mike Krupin is a self-made man in
every way; business the least of it. Even in the
midst of obvious sadness and what I imagine
are painful memories of being denied the emotional connection that we are told parents and
familes should have...he is offering his own
resolution to keep him connected to his roots.
Bryan and Ashley Krupin at the
office in Beverly Hills, California
ST: You were independent so early and wanted
out of your “old” life badly; almost for survival.
MK: Salem, Virginia is such a small town. No one
ever leaves; grandparents are there, parents, kids
—everyone stays. The foundry where my grandparents and parents worked no longer exists, so
I’m not sure what people there do for work, but
they are still there. I just remember something
telling me: Look Mike, if you stay in Salem you’re
going to be just like your parents. You’re going to be
just like everybody else. You've got to figure a way
out. There's got to be more to life than what's in
Salem, Virginia. After I got out of St. Christopher's
I went to Hampden-Sydney college, a private allmale institution established in 1776, and after
about a year, the headmaster came and said,
"You know, Mike, you have been here for a year
and no tuition has been paid for you." And I go...
"I know." He said, "Well, we are going to let you
pay us back after you graduate from college.”
I said, “I like that.” And, I signed my very first
promissory note. I didn’t even know what it
meant. But when I was able...I paid it back.
Mike has been married 36-years to his wife
Marti and they have two children—adults now.
Bryan is 38, and the managing partner at their
Beverly Hills firm. Daughter, Ashley, 32, also
works with her father and brother as director
of business development and chief marketing
strategist in their New York office. Bryan lives in
Manhattan Beach, California with his wife Zena
and their two children, 5-year-old son Harrison
and 3-year-old daughter Tatum. The day we did
their photo shoot in the Beverly Hills office, it
was apparent that Bryan and Ashley are very
proud of their father, and both feel fortunate to
work along side of him. "My dad and I are best
friends," Bryan said. “There's no better experience
you can have than working with your mentor or
your idol, or in my case, my dad—all the above.
We went out on sales appointments together.
He taught me everything I know. You can't
replicate that...you can't pay for that kind of
training and that kind of mentorship.”
Mike with Bryan in their New York office;
one of their favorite photos together with
the Twin Towers backdrop.
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ST: Looking back at your own childhood and
now at the relationship you have with your
children, how does that make you feel?
MK: I'm so very lucky. I have both my children in
the family business, and we are very close. The
great thing is they grew up watching me. My work
is my passion and I love what I do. All my friends
come as a result of that. Bryan and Ashley grew
up in that environment and that's why they are
very successful in this business. I believe if you
follow your passion, positive energy will lead to
success in the workplace and strong relationships
in and outside of the office. Fortunately, I have
found my passion in business, and it’s even
better than I imagined because I am working
with my two children to make it a success.”
Possibly because of the non-existent amenities throughout his own childhood, Mike makes
it a priority to help others achieve a better life.
For years he has supported integral health
organizations such as the American Diabetes
Association where he was named, "Father of the
Year," and in 2006, he and Marti, along with
Ashley and Bryan, formed the Krupin Family
Foundation to support programs for education,
children’s cancer and healthcare. Among its
many other gifts, the Foundation contributed
$1 million for a new gymnasium at Mike’s Alma
Mater, Hampden-Sydney college. Mike and
Marti split their time between residences in
Beverly Hills, Richmond, Virginia and New York
where they visit family and friends, and Mike
oversees his businesses.
ST: It’s easy to see how you, Ashley, Bryan
and all those in the insurance industry have
the scoop on the ins and outs and what we
should do and what works and what needs to
be re-organized. But how does a regular person keep up on what they need to do?
MK: Buying life insurance and how much you buy
depends on your age, when you buy it, and why
you buy it. Many people still don’t know you can
buy life insurance in a pension plan, and it is
income tax free! Take disability insurance. This
is a huge topic and one people tend to avoid
because the thought of being disabled is terrifying. But what’s our greatest asset? Cash flow.
How do we get cash flow? We work. But what
happens if we become disabled and can’t work?
Then what? The chances of becoming disabled
are three times greater than dying. If you become
disabled everything stops in your life. Your
401(k) stops. Your pension fund stops. Your stock
options stop. Yet...everything else in your life
continues like the need to pay living expenses:
rent, food, medical bills; they continue no matter
what. Is it worth it to make certain your cash
flow is uninterrupted in case you can no longer
work? You tell me. There is only instrument that
compensates for this—life insurance. A new
tax law came into effect in January specific for
a foreign national who comes into California
and buys a house. Let’s say he/she buys a $10
million‑dollar house. Well, that person is not a
United States citizen so there is no tax exemption upon death. Say the house was paid for in
cash and he/she dies. Well the federal government wants a 35% tax—$3.5 million. When the
dust settles the house will be worth less than half
of what it was purchased for; half of what the
purchaser thought his/her heirs would receive.
There is only one instrument that bypasses this;
life insurance. Life insurance offers the taxdeferred tax growth of a policy’s cash value,
multiple tax benefits, income-tax free distribution of death benefit proceeds—and it offers
tax-free, immediate cash.
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ST: I’ve learned so much from this interview. But I
have to bring the dragon out of the closet and ask:
Why choose a business that...well you know some
think has a reputation that it just takes their money
and they get nothing out of it, so why get it? And I
hate to say it...but I used to think that way.
MK: Life insurance has that reputation? (laughs)
I didn’t know. Thanks for keeping me in the loop. When
people ask me to describe life insurance I say: let
me tell you about an investment that the moment you
buy it—it's guaranteed; the rate of return you make on
this investment at your life expectancy is 8% tax free;
money from this investment will arrive at the exact
moment it's needed—in cash. Interested? They say,
“There's no such investment, right?” I go—you're
wrong. It's called life insurance. The moment you
buy it...it starts earning you money. Life insurance is
one of the greatest financial instruments invented
by man. It’s a guaranteed contract not correlated
to financial markets. During the financial crisis major
companies didn't make it. They were taken over or
went broke. Not one life insurance company went
under. Not one. There has never been a claim made
to a life insurance company that wasn't paid.
ST: Never?
MK: Never.
ST: Why the bad rap then?
MK: Because at one time life insurance was solely
equated with death. Who wants to think about dying?
High net worth people, however, see the new and varied insurance options as financial investments. Just
because you buy disability insurance doesn’t mean you
plan on being unable to work. Because you purchase
life insurance doesn’t mean your days are numbered.
We don’t know what we need until we need it! It’s never
a good time to die. Sometimes you die with your assets
up and sometimes you die with them down. Only one
cash instrument arrives upon the death of the policy
owner—life insurance. What pays death expenses,
estate taxes, deficits of money mismanagement and
the lifestyle obligations of those left behind? If someone loves their family, loves their wife, loves their kids
...they buy life insurance to protect them. I can tell
immediately if a man loves a woman. We’re talking
and he says, “I don't need life insurance; if anything
happens to me—my wife can remarry.” I go well, she's
40+years old. You have three kids. You live in Beverly
Hills. You really think there's a chance? Or I see a
man who is not in love with his family and he says
to me, “I came into the world with nothing...I've given
them a good education; it's up to them.” I go okay. You
don't need me. And he is out of my life. Not just for
business, but because that is not the kind of man
I want to hang around with. My family means everything to me, and I wouldn’t know how to be around
a man who doesn’t feel the same way.
ST: I see the whole planA—life and planB—death
scenario. But anticipating the best (we live forever)
or facing the worst (someone dies) how do you put
a dollar amount of the head of someone you love?
MK: That’s a very difficult and emotional question for
the person taking out the policy because we’re talking about his/her possible death. The general theory
is survivors are entitled to the economic value of what
the deceased would have produced or accumulated
during a lifetime. There is no cookie-cutter approach
to the individual requirements we have. Life insurance
is a strategic plan of action. It’s a very, very powerful
instrument. I tell people when you die, you go into the
ground. You don't want to take your assets with you.
ST: Well, how do you feel about this interview?
MK: Great. How do you feel I did; I’m not used to this?
ST: Great, but because this is Beverly Hills...I want
to title this article; how to REALLY tell if your man
loves you? What do you think? (Mike smiles).
What no response????? l
// bhtmag.com // 25