Being a Female Business Owner & Democratizing Insurance

The Ripcord Moment

Welcome to Season 3 of The Ripcord Moment! On the first episode of this season, host Joe Seetoo invites CEO of Watermark Life Insurance Services Nicole Rex to discuss being a woman in the insurance industry, the challenges of owning her own business, and insuring one’s business.
Nicole says although obtaining initial opportunities in the insurance industry has been easy for her, as a woman, proving herself to clients and peers has been difficult since the field is extremely male-dominated and people may doubt her intelligence because of stereotypical beliefs around women.
Therefore, she works hard to educate herself on insurance so she can provide valuable knowledge and show how reliable she and her team can be. Nicole asserts that there are good days and bad days as a business owner, but if you carry a persevering attitude, you have much better chances of succeeding.
Nicole also talks about how many insurance companies do not clearly explain the reasoning behind their policies to clients. She wants to make insurance easy to understand for the average person so their clients know exactly why they have their policies. She also encourages business owners to go over their insurance regularly to ensure it fits their individual situation as circumstances change.
Finally, Nicole admits it’s easy to get caught up in everyday tasks as a business owner but reminds listeners to create goals that will take their company to the next level and actually block the time to complete them. It may even be beneficial to leave the office for one day to meditate on what would be best for the company’s long-term strategy and return to work with a refreshed mind and appropriate goals that will optimize the business.
Check out Watermark Life Insurance here: www.watermarklife.com
Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change or do not necessarily represent the views and opinions of Morton Wealth. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.