The insurance agent makes a lot of money by selling investment-linked policies using half truths. What are these half-truths? You hear them from your agent and they sound convincing. But, if you are discerning, you can see the flaw in these half truths.
Read this article and avoid being conned. http://tankinlian.com/Admin/File.aspx?ID=170&Frame=1
I want to clarify that there are many insurance agents who show concern for their clients, and offer products that are suitable for the clients. Some of them are helping me in Financial Services Consumer Association (FISCA) and provide advice for a modest fee (say $100 per hour).
Some of the agents selling the "bad products" are newly trained agents, and are not personally aware that these products are bad for consumers. They are trained by their agency managers to sell the benefits, but they did not realize that these are "half truths".
They sell these "benefits" to their family members, classmates and friends, without realizing that they are locking them in a bad investment that will make them poor, while giving big profits to their insurance managers and big income to their agency managers!
Read this article and avoid being conned. http://tankinlian.com/Admin/File.aspx?ID=170&Frame=1
I want to clarify that there are many insurance agents who show concern for their clients, and offer products that are suitable for the clients. Some of them are helping me in Financial Services Consumer Association (FISCA) and provide advice for a modest fee (say $100 per hour).
Some of the agents selling the "bad products" are newly trained agents, and are not personally aware that these products are bad for consumers. They are trained by their agency managers to sell the benefits, but they did not realize that these are "half truths".
They sell these "benefits" to their family members, classmates and friends, without realizing that they are locking them in a bad investment that will make them poor, while giving big profits to their insurance managers and big income to their agency managers!
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