A few visitors commented that insurance agents sell products that give them the highest commission. These products many not meet the needs of their clients.
When I was CEO of NTUC Income, I made sure that all the products are designed to meet the following:
* have modest loadings for commission
* offer good value to the customers
The insurance agents (advisers) from NTUC Income are able to recommend suitable products to their clients, with the knowledge that the products give good value and provide a reasonable level of earnings for their sales effort. They earn more, by increasing their sales productivity.
I am happy to recommend the insurance advisers and products from NTUC Income to the general public. I know that the consumers will get a good deal.
If you visit this website, you can compare the front-end load of the endowment and investment-linked products between NTUC Income and the other insurance companies.
A small number of consumers are savvy and can make their investments without the help of an adviser. They do not need to take my advice anyway. My tips are for the general consumers.
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