Friday, December 14, 2018

WOTC - Commission rates on life insurance policies

I asked this question in the Wisdom of the Crowd:

Should MAS set control the commission rates paid on life insurance policies?

Here are the responses: (51 Votes)
29 % - Leave it to the market.
29 % - Set caps on the maximum commission that can be paid.
24 % - Require the insurance companies to disclose the commission rates.
18 % - Ban the payment of commissions and ask the adviser to collect a fee

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1043

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