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Saturday, June 23, 2012

How to read a benefit illustration

When an insurance agent (or financial adviser) recommends a life insurance policy to you, the agent has to give you a benefit illustration.

This is an important document. You have to read it carefully and understand its contents. This article explains what you have to look out for, to see if this policy gives you an acceptable return.
http://tankinlian.com/FramePDF.aspx?ID=652

When a consumer writes to ask me about a life insurance policy, I always ask them to send the benefit illustration to me. I look for the points set out in this article to see if the life insurance policy is worth investing in. 

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