Some readers argued that certain products are not inherently bad. They are suitable for certain people, according to their needs. This is only partly true.
Here are my points:
> A product is bad, if it is designed to "cheat" people. This type of product has high charges that are hidden from the consumer.
> These products are "pushed" by agents or marketeers, who mislead the consumer through their "marketing techniques".
Most life insurance "savings" products and structured financial products fall in this category.
The good products are those that do not need to be marketed. They are bought by the consumer, usually over the counter. They include:
> bank deposits
> government bonds
> low cost unit trust
> term insurance products
- ► 2013 (303)
- ► 2012 (1270)
- ► 2011 (1873)
- ► 2010 (2369)
- ► 2009 (1655)
09/07 - 09/14
- Avoid investing with leveraged money
- Stress and uncertainty with Incomeshield
- Simple Financial Planning
- Swedish practice on life insurance
- Speaker's Corner, 13 September 5 p.m.
- Project 11-11-2008
- Ask the agent
- Advice from my blog and website
- Insurance companies: commitment and transparency n...
- Free Public Transport
- World Class Public Transport System
- Inadequate cash value
- Take a bigger loan at a low interest rate
- Suzy Orman on Life Insurance
- Suitable products depending on needs
- Advice on Vivolife
- Big exchange loss in a Dual Currency Investment
- Choice of term or personal accident insurance
- The New Paper: Truth about Life Insurance Payout
- Investing in NZD
- Another scam: Beware of Push Pockets ...
- Hurricanes in USA
- ▼ 09/07 - 09/14 (22)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)