Saturday, April 08, 2017

Avoid insurance policies that give an upfront bonus

Many people fell for this trap. The financial adviser or agent told them that they can earn an attractive upfront bonus is they buy the policy during the promotion period. They bought the policy and regreted it very much.

The products that have this feature include the Vista policy from Zurich, the Pulsar policy from AXA and the Global Wealth from Friends Provident.

Consumers should avoid these policies. In fact, they should be wary of any policy that offers an upfront bonus. This is how they are distracted from looking at the other important features of the policy.

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