Tuesday, November 07, 2006

AIA Choice Life policyholders has to pay premium for longer period

Someone sent this message to me.

AIA's agents have sold several ten thousands of life policies on the "promise" that the premiums will stop after a certain number of years.

Now, the policyhlders are told that they have to pay the premiums for many more years.

The agents earned high commission rates to sell these policies. Should they refund their high commission back to the customers? Should they earn high incomes at the expense of their customers?

A few years ago, it was the Financial Guardian policies sold by AIA. Now it is the Choice Life. What else can be expected in the future?

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