Talk to Three Advisers

I received an e-mail from someone seeking my advice. She saw an insurance adviser who offered three plans.

The recommendations were skewed to get her to move away from term insurance and to buy a limited premium product.

I advised her to adopt the following approach:

1. Talk to three advisers (from the same or different companies)
2. Buy from the adviser who gives you a recommendation in your best interest
3. Do not buy from the adviser who tries to convince you to buy an expensive product
4. Trust your common sense; do not allow the adviser to confuse you.