Things you should read before buying an endowment plan

[pew]

Not sure why pew is so defensive.

Not being defensive.....is just that all say negative things, I say there is a positive side of thing. 90 percent of the comments are on why people shouldn't buy investment. How come ts don't ask them to start their own thread. Or if u don't like what I comment, why don't you change the thread to why people shouldn't buy endowment.....or why people should hate insurance agents.....for that matter.

I also don't gain anything by commenting....

And I thought that this is a discussion thread.

 

[bibu00]

Not being defensive.....is just that all say negative things, I say there is a positive side of thing. 90 percent of the comments are on why people shouldn't buy investment. How come ts don't ask them to start their own thread. Or if u don't like what I comment, why don't you change the thread to why people shouldn't buy endowment.....or why people should hate insurance agents.....for that matter.

I also don't gain anything by commenting....

And I thought that this is a discussion thread.

The previous thread title was "truth behind endowment plan and why you should not buy them."

Mod changed it after agents got butt hurt and came in to defend
After all, agents have no value in society and they are unable to contribute in any other way. Selling policies are the easy way out in life. It's unfair for me to hurt their rice bowls.

So I took a more neutral stance and agreed endowments should be given a chance, people should read my starter post before considering buying.

 

[Perisher]

The previous thread title was "truth behind endowment plan and why you should not buy them."

Mod changed it after agents got butt hurt and came in to defend
After all, agents have no value in society and they are unable to contribute in any other way. Selling policies are the easy way out in life. It's unfair for me to hurt their rice bowls.

So I took a more neutral stance and agreed endowments should be given a chance, people should read my starter post before considering buying.

Aye, I change it because you requested for it in one of the post.

I agree the thread title abit too negative and extreme to be sticky.

I don't mind if he change to something like
"Things you should read before buying an endowment plan" then sticky.

 

[T H I N K]

I agree with all posts made by PEW, all very reasonable points for consideration when deciding whether to buy a particular endowment policy.

I have single premium endowment policies, all growing at 4% lucky buy!

 

[pew]

The previous thread title was "truth behind endowment plan and why you should not buy them."

Mod changed it after agents got butt hurt and came in to defend
After all, agents have no value in society and they are unable to contribute in any other way. Selling policies are the easy way out in life. It's unfair for me to hurt their rice bowls.

So I took a more neutral stance and agreed endowments should be given a chance, people should read my starter post before considering buying.

So you just want to force your point across and don't want to read about anything which do not agree with your thinking? Why don't you request mods to lock the thread so that nobody can comment. Or you want people to come in and sayang you?

So I take it as a personal attack at agents saying that we got no value in society. Let me tell u something....there are 1001 kinds of people with 1001 ways of thinking. So if you don't think we have any value add, please don't make a sweeping statement that we have no value add.
And no ricebowls will be hurt by disagreeing, that I am very sure.
And you think selling policies are easy?

Yes, selling policies are easy, but it's not just about selling policies.
It's about understanding the client's needs, size up their finances. And matching them with the best combination of available products...and that is just 1 small part of our job. After the initial sale is close, upon delivery of the actual policy, we will explain to the client 1 more time and make sure the client understand exactly what have they committed, and if the client still have doubts, there is a 14 day free look period where they can get a full refund of their commitment. After that is a lifetime of regular updates and servicing.
This is the kind of commitment an agent gives to their client.

 

[koja6049]

Got to keep an open mind

Different stroke for different folks.

Give u an example.

For someone who cannot save....every month drink 2 jugs less beer or eat 1 time less restaurant.
Every year got spare money go for short trip...end of term still got lump sum....

Better than every month dunno where the money disappear to

There's this thing called singapore savings bond, and it's performing better than endowments

 

[Shion]

So you just want to force your point across and don't want to read about anything which do not agree with your thinking? Why don't you request mods to lock the thread so that nobody can comment. Or you want people to come in and sayang you?

So I take it as a personal attack at agents saying that we got no value in society. Let me tell u something....there are 1001 kinds of people with 1001 ways of thinking. So if you don't think we have any value add, please don't make a sweeping statement that we have no value add.
And no ricebowls will be hurt by disagreeing, that I am very sure.
And you think selling policies are easy?

Yes, selling policies are easy, but it's not just about selling policies.
It's about understanding the client's needs, size up their finances. And matching them with the best combination of available products...and that is just 1 small part of our job. After the initial sale is close, upon delivery of the actual policy, we will explain to the client 1 more time and make sure the client understand exactly what have they committed, and if the client still have doubts, there is a 14 day free look period where they can get a full refund of their commitment. After that is a lifetime of regular updates and servicing.
This is the kind of commitment an agent gives to their client.

I applaud if you stick to what you say and do what you say.

Sadly, for many agents, it seems that their only aim is to sell and hit their monthly targets and after that go into MIA mode. Putting endowments aside, many agents appear to be more proactive in pushing for ILPs even if they do not suit the clients' needs.

 

[pew]

There's this thing called singapore savings bond, and it's performing better than endowments

And how are u going to buy 100 or 200 dollars worth of ssb every month?
Slap on a term insurance on top of it?

 

[koja6049]

And how are u going to buy 100 or 200 dollars worth of ssb every month?
Slap on a term insurance on top of it?

simisai insurance? We're talking about endowment

 

[pew]

simisai insurance? We're talking about endowment

Endowment plans bo insurance factor meh?

 

[akwl88]

So you just want to force your point across and don't want to read about anything which do not agree with your thinking? Why don't you request mods to lock the thread so that nobody can comment. Or you want people to come in and sayang you?

So I take it as a personal attack at agents saying that we got no value in society. Let me tell u something....there are 1001 kinds of people with 1001 ways of thinking. So if you don't think we have any value add, please don't make a sweeping statement that we have no value add.
And no ricebowls will be hurt by disagreeing, that I am very sure.
And you think selling policies are easy?

Yes, selling policies are easy, but it's not just about selling policies.
It's about understanding the client's needs, size up their finances. And matching them with the best combination of available products...and that is just 1 small part of our job. After the initial sale is close, upon delivery of the actual policy, we will explain to the client 1 more time and make sure the client understand exactly what have they committed, and if the client still have doubts, there is a 14 day free look period where they can get a full refund of their commitment. After that is a lifetime of regular updates and servicing.
This is the kind of commitment an agent gives to their client.

in before the so called 'commitment'

Tussle for insurance agents, financial advisers intensifying

http://www.businesstimes.com.sg/ban...urance-agents-financial-advisers-intensifying

 

[pew]

in before the so called 'commitment'

Tussle for insurance agents, financial advisers intensifying

http://www.businesstimes.com.sg/ban...urance-agents-financial-advisers-intensifying

The agent leave, there be an assigned agent taking over.
BY RIGHT, the assigned agent should service the client, there is also an option to appoint your own servicing agent, or change agent if u are not comfortable with the agent.
So, change until u find a comfortable one lor, there are tons of agents more than willing to serve. But of course, don't make him work for free lah, if got need, give him a chance to quote or give him some referrals if u find him good.

 

[T H I N K]

Agents are human, can also join another world. So any reasonable customer will not expect the agent to be "till death do us part"!

Most important is I'm lucky to meet a "lucky agent" to sell me a "lucky endowment policy" which I can hold till maturity to earn the returns I expected when I buy till maturity!

 

[OngHuatHuat]

I have decided to cut down on some of my insurance expenses recently.

I have a few term and whole life insurance now.

Agents are human, can also join another world. So any reasonable customer will not expect the agent to be "till death do us part"!

Most important is I'm lucky to meet a "lucky agent" to sell me a "lucky endowment policy" which I can hold till maturity to earn the returns I expected when I buy till maturity!

 

[akwl88]

The agent leave, there be an assigned agent taking over.
BY RIGHT, the assigned agent should service the client, there is also an option to appoint your own servicing agent, or change agent if u are not comfortable with the agent.
So, change until u find a comfortable one lor, there are tons of agents more than willing to serve. But of course, don't make him work for free lah, if got need, give him a chance to quote or give him some referrals if u find him good.

so maybe u have to delete the 'commitment' part previously?

 

[pew]

so maybe u have to delete the 'commitment' part previously?

The insurance company will still have to commit to the client even when the agent is not around wor

 

[akwl88]

So you just want to force your point across and don't want to read about anything which do not agree with your thinking? Why don't you request mods to lock the thread so that nobody can comment. Or you want people to come in and sayang you?

So I take it as a personal attack at agents saying that we got no value in society. Let me tell u something....there are 1001 kinds of people with 1001 ways of thinking. So if you don't think we have any value add, please don't make a sweeping statement that we have no value add.
And no ricebowls will be hurt by disagreeing, that I am very sure.
And you think selling policies are easy?

Yes, selling policies are easy, but it's not just about selling policies.
It's about understanding the client's needs, size up their finances. And matching them with the best combination of available products...and that is just 1 small part of our job. After the initial sale is close, upon delivery of the actual policy, we will explain to the client 1 more time and make sure the client understand exactly what have they committed, and if the client still have doubts, there is a 14 day free look period where they can get a full refund of their commitment. After that is a lifetime of regular updates and servicing.
This is the kind of commitment an agent gives to their client.

talking about agent la, not coy

 

[pew]

talking about agent la, not coy

.............

Company also will assign another agent, if not assign ghost ar?

 

[Perisher]

.............

Company also will assign another agent, if not assign ghost ar?

Don't try to twist.
Only not truthful agents try to do that.
You would do better to admit a mistake or a correction.

 

[akwl88]

.............

Company also will assign another agent, if not assign ghost ar?

so it means agent will not give commitment to the client?