Singapore insurance policyholders should realise how vulnerable Wholelife and endowment and par products are.They have no control and are at the mercy of the insurers. In past there had been a number of events of this nature where policyholder been forced, arm twisted to accept the changes the insurers made. From bonus cut, to critical year to reshaping of the annual and special bonus the policyholders were made to bite dusts. It is time policyholders wake up to realise the weaknesses and uselessness of whole life and par policies. They are scams and pushed by unethical and greedy insurance agents ONLY. The true blue , ethical, honest, competent advisers will NOT peddle and push such rubbish. Surely you can see for yourself that it is a bad protection plan and a saving plan. It is a scam born out of the conspiracy of insurers long time ago and perpetrated by their successors today and with the help of accessory greedy and unscrupulous insurance agents. My advice for the policyholders is look at the current saga positively and and as a chance to cut losses and make a shift in your thinking and mindset that this type of insurance is real scams which benefit the companies and their accessories and not you. For those who had kept their faith you have been hurt and betrayed after painstakingly tried to be loyal. You now know that there is no loyalty; you die your business; the agents know; some may try to display crocodile tears now but don't be fooled. They are guilty and are now worried that what they told you about insurance long time ago is NOT true and you may blame and report them. It is time to re-examine and review your portfolio . Please remember not to fall into the same trap again. Engage an adviser or a financial life coach to help you. He or she must be qualified in financial planning and investment with CFP or CFA certification and above all HONEST and put your interest first and not one who is trying to earn high commission to qualify for those dubious mdrt or cot or tot awards. I wish those who are affected all the best in your financial life.
Singapore insurance policyholders should realise how vulnerable Wholelife and endowment and par products are.They have no control and are at the mercy of the insurers.
ReplyDeleteIn past there had been a number of events of this nature where policyholder been forced, arm twisted to accept the changes the insurers made. From bonus cut, to critical year to reshaping of the annual and special bonus the policyholders were made to bite dusts.
It is time policyholders wake up to realise the weaknesses and uselessness of whole life and par policies. They are scams and pushed by unethical and greedy insurance agents ONLY. The true blue , ethical, honest, competent advisers will NOT peddle and push such rubbish. Surely you can see for yourself that it is a bad protection plan and a saving plan.
It is a scam born out of the conspiracy of insurers long time ago and perpetrated by their successors today and with the help of accessory greedy and unscrupulous insurance agents.
My advice for the policyholders is look at the current saga positively and and as a chance to cut losses and make a shift in your thinking and mindset that this type of insurance is real scams which benefit the companies and their accessories and not you.
For those who had kept their faith you have been hurt and betrayed after painstakingly tried to be loyal. You now know that there is no loyalty; you die your business; the agents know; some may try to display crocodile tears now but don't be fooled. They are guilty and are now worried that what they told you about insurance long time ago is NOT true and you may blame
and report them.
It is time to re-examine and review your portfolio . Please remember not to fall into the same trap again. Engage an adviser or a financial life coach to help you. He or she must be qualified in financial planning and investment with CFP or CFA certification and above all HONEST and put your interest first and not one who is trying to earn high commission to qualify for those dubious mdrt or cot or tot awards.
I wish those who are affected all the best in your financial life.