Avoid insurance agents that tell lies or misleads

Some insurance agents tell lies to sell their life insurance policies. They tell the clients that they can earn 9% per annum when they invest in an investment linked policy. The 9% is not an expected yield but is just used for illustration. It is too optimistic under the current economic environment. Even if it is achieved, the real return, after deduction of the charges, is below 4% per annum. This is explained here:
http://tankinlian.com/admin/file.aspx?id=250.

Consumers should be careful about the misleading or untruthful statements made by some insurance agents. Other agents, while not deliberately lying, will avoid telling the real facts to the consumers, i.e. that a large proportion of their accumulated savings is taken away to make excessive profits for insurance companies and large commission for the agents. The consumer could have bought the protection under a 5 years term insurance policy or critical illness policy (expiring before age 55) at a much lower cost.