Many people were caught with the AIA Financial Guardian. It was a big scandal about 15 years ago.
The problem occurred much earlier. About 30 years ago, AIA launched this policy and sold more than a hundred thousand policies (my guess) to parents to save for their children.
What was this problem? Is there a lesson for the younger generation who put their trust and savings in life insurance policies, only to have a big regret a few years down the road.
Read this article
http://www.fisca.sg/ArticleDisplay.aspx?ID=552
The problem occurred much earlier. About 30 years ago, AIA launched this policy and sold more than a hundred thousand policies (my guess) to parents to save for their children.
What was this problem? Is there a lesson for the younger generation who put their trust and savings in life insurance policies, only to have a big regret a few years down the road.
Read this article
http://www.fisca.sg/ArticleDisplay.aspx?ID=552
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