There is one lesson people must learn from the current AIG debacle. That is whole life or par products do not provide exit doors in an emergency unless you are willing pay a 'toll' or loss to get out. In an emergency you are held to ransom, you also either pay a hefty interest rate or surrender with huge loss. Surprisingly many fell into this hell hole and like lemmings crawling out only to find themselves straight into the path of on coming cars at Robinson Road. Before they could get up, the watchful eyes of hungry and starved vultures from other insurance companies have been eyeing their badly maimed bodies , and true to their genetics they pounced on them leaving nothing to waste. Imagine a rugby match with the agents of different companies closing rank on the helpless poor victim below. There are whispers of cooperatives is good and in another a voice that says GE is good and yet another says local companies are better.The already confused victim is now deranged. They all forgot that whole life or par products are dumb and scam products. They should also be grouped with the genre for illegal, immoral and unethical products
There is one lesson people must learn from the current AIG debacle.
ReplyDeleteThat is whole life or par products do not provide exit doors in an emergency unless you are willing pay a 'toll' or loss to get out. In an emergency you are held to ransom, you also either pay a hefty interest rate or surrender with huge loss.
Surprisingly many fell into this hell hole and like lemmings crawling out only to find themselves straight into the path of on coming cars at Robinson Road.
Before they could get up, the watchful eyes of hungry and starved vultures from other insurance companies have been eyeing their badly maimed bodies ,
and true to their genetics they pounced on them leaving nothing to waste. Imagine a rugby match with the agents of different companies closing rank on the helpless poor victim below. There are whispers of
cooperatives is good and in another a voice that says GE is good and yet another says local companies are better.The already confused victim is now deranged.
They all forgot that whole life or
par products are dumb and scam products. They should also be grouped with the genre for illegal, immoral and unethical products