When an insurance agent (or financial adviser) recommends a life insurance policy to you, the agent has to give you a benefit illustration.
This is an important document. You have to read it carefully and understand its contents. This article explains what you have to look out for, to see if this policy gives you an acceptable return.
http://tankinlian.com/FramePDF.aspx?ID=652
When a consumer writes to ask me about a life insurance policy, I always ask them to send the benefit illustration to me. I look for the points set out in this article to see if the life insurance policy is worth investing in.
This is an important document. You have to read it carefully and understand its contents. This article explains what you have to look out for, to see if this policy gives you an acceptable return.
http://tankinlian.com/FramePDF.aspx?ID=652
When a consumer writes to ask me about a life insurance policy, I always ask them to send the benefit illustration to me. I look for the points set out in this article to see if the life insurance policy is worth investing in.
1 comment:
the benefit illustration means nothing to GE. My mother got a life insurance product from them and have paid in for at least 15 years. According to the initial benefit illustration, she should have broke even.
It has not and when confronted, GE said simply that benefit illustration is just an illustration, there is no obligation from the firm to reproduce the result.
These projects are supposed to be produced under conservative estimate but GE couldn't even produce the benefit after more than 15 years.
I wonder why MAS is not doing anything.
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