Buy insurance that you really need, and not what the agent sells to you, as the agent wishes to make a commission on each dollar that you pay - the more, the better. Read this article.
99.99% of RMs, FAs, FCs, FPs, agents and brokers are only interested to push you to buy the most expensive policies, as their pay & reward is a percentage of how much you spend. The more the merrier. Whether or not the expensive policies are good value for money is something they don't bother.
Afterall, you don't expect to return your year-end bonus to your employer right? So why you expect these salesmen and saleswomen to minimise the cost for you?
99.99% of RMs, FAs, FCs, FPs, agents and brokers are only interested to push you to buy the most expensive policies, as their pay & reward is a percentage of how much you spend. The more the merrier. Whether or not the expensive policies are good value for money is something they don't bother.
ReplyDeleteAfterall, you don't expect to return your year-end bonus to your employer right? So why you expect these salesmen and saleswomen to minimise the cost for you?