Did you know that Burt's Bees, the popular natural personal care products company, got its start with a little help from a whole life insurance policy?
Here's the buzz:
- In the early 1980s, Roxanne Quimby, co-founder of Burt's Bees, was a single mom struggling to make ends meet.
- She met beekeeper Burt Shavitz and saw potential in his beeswax candles and honey.
- To start their business, Roxanne borrowed $400 against her whole life insurance policy.
- This small loan allowed them to buy supplies and start crafting their first products.
- From this humble beginning, Burt's Bees grew into a multi-million dollar company, eventually selling to Clorox for $925 million in 2007.
This story shows how a little financial creativity with a whole life insurance policy can help turn a small idea into a sweet success!
It's proof that sometimes, all you need is a bit of "bee-lief" in yourself and the right financial tools to start something big. 🍯💼
Remember, just like Roxanne Quimby, you too can explore innovative ways to use whole life insurance to fund your dreams and create a buzz in the business world!