Many agents will tell you about the new products that have been recently introduced. Most of these products have the same features - marketing gimmicks, complicated to understand, high charges, poor return to the investors. Do not believe what the agent tells you, as they will usually exaggerate the good features (such as potential high return) but hide the bad features (i.e .not guaranteed, returns are exaggerated). They usually do not tell you that more than half of your savings is taken away from you to pay their commission during the initial few years.
If you have received a benefit illustration on a life insurance policy, and you are not sure what you have bought, you can send it to me at kinlian@gmail.com. I will help you to see if you have been given the correct information by the agent.
Tan Kin Lian
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