Sunday, December 05, 2010

Unethical methods used to sell life insurance

The wife of an ex-insurance agents describes some of the unethical methods used by insurance agents to get customers to buy insurance policies that harm them financially. She said that her husband might also be a victim as he was misled by his manager. Read:
http://tankinlian.com/admin/file.aspx?id=297
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3 comments:

zhummmeng said...

I heard from a agent friend from a social enterprise that your exposing the rot of WL and other scam products and the unethical practice for not disclosing the truth is paying off. Those who read your blog realised the truth and are canceling their policies.
You have done a good job. This is real no nonsense, cutting to the chase financial education to equip the consumers against the par products sold indiscriminately and ignore the suitability of the consumers.
Your education is better than the MoneySense. MoneySense fails because it is NOT giving the whole truth, good and bad, about everything.

December 05, 2010 10:26 AM
Ray said...

The tactics used by this foreign insurance company smacks of exploitation.

December 05, 2010 1:53 PM
zhummmeng said...

Ray,
local insurance companies have caught up with them. The local insurers call the foreign practice as the 'best practice".
How do you define best practice?
Best practice is defined as processes that insidiously rob the consumers of their hard earned money using their own kind, the insurance agents, who don't mind do the bidding of their masters so long they are adequately rewarded.In best practice the buyers pay for the sellers to upkeep the shareholders' extravagant lifestyle.Best practice means that ROI or ROE is able to sustain the ongoing activities of dinning and winning at best places, enjoy life to the fullest at overseas resort and their lackeys, the insurance agents are kept happy to do their future bidding.

December 05, 2010 4:41 PM

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