Hi Mr Tan,
I regretted not coming across your website earlier. I started working last year and I got "convinced" by my agent to sign up for an investment-linked policy.
I paid an annual premium of $4,800 and was shocked to see the semi-annual report showing a surrender value of $806.
That was when I started to google for investment policies online and after reading your article, I felt cheated, stupid and really angry as all the money that I diligently saved over the past year went down the drain (or more appropriately, into the agent's pocket).
However, I know that it is my fault as I did not do any research prior to signing up for that policy.
Instead of crying over spilt milk, can you advise me on what to do? I have a very strong urge to terminate the plan now, but is it a wise decision?
http://tankinlian.com/admin/file.aspx?id=833&IID=840
Make a guess. Which insurance company sold this policy to the young man, who felt that he was cheated?
I regretted not coming across your website earlier. I started working last year and I got "convinced" by my agent to sign up for an investment-linked policy.
I paid an annual premium of $4,800 and was shocked to see the semi-annual report showing a surrender value of $806.
That was when I started to google for investment policies online and after reading your article, I felt cheated, stupid and really angry as all the money that I diligently saved over the past year went down the drain (or more appropriately, into the agent's pocket).
However, I know that it is my fault as I did not do any research prior to signing up for that policy.
Instead of crying over spilt milk, can you advise me on what to do? I have a very strong urge to terminate the plan now, but is it a wise decision?
http://tankinlian.com/admin/file.aspx?id=833&IID=840
Make a guess. Which insurance company sold this policy to the young man, who felt that he was cheated?
Mr Tan, what is the difference between accumulated premium and premium paid. At the end of 30 years, premium paid is $144,000.
ReplyDeleteThank you.