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Things you should read before buying an endowment plan

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Old 12-07-2016, 02:52 PM   #721
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If you doubt my level of English, I can also talk to you in Mandarin or Malay if you wish to. Not an issue.

I am using PruFlexiCash as an example on how agents mis-sell this product and I was hoping to hear some explanations on the "comprehensive analysis" and "telling clients one more time on what they sign up for" which you mentioned what agents should do. But instead of tackling this 2 issues, you choose to avoid it and feed some other words instead.

So you mean we clients deserve it if we don't understand and commit ? Wow, clap clap for you. Another typical agent on the road.

The way you put your words is like as if everyone in this world possess high financial literacy from the day they are born. Just to remind you, every single person who is in this Money Mind section, we all have our own fair share of the mishaps with our insurance policies. But take a look around you, I bet most of them are doing even better than you when it comes to financial stuffs.

I find it hilarious you have so much time to the forum when you talk like as you have a lot of commitments and have a lot of things to do for your clients.
Just take out your financial review and post the first few pages, then we talk

I Don't draw a basic pay from anyone, I can spend my time however I want, u Huan Lo ?
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Old 12-07-2016, 02:54 PM   #722
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Come on guys, lets apologize to someone here because we have hurt his/her profession, ethics and ego.

We also must admit our command of English, our process of thoughts and our understanding of finance is too low and too weak.

It is all our fault, agents and insurance companies bear no fault.

They contribute a lot to the society unlike us, who only contribute to kpkb over the internet !

If they mis-sell a product, so what ? Clients' fault for not reading and not understanding !

Clients deserve it if they commit to a product and then kpkb years later because the product is not what they thought to be.
If u really think you are mis sold, please go thru proper channel instead of kpkb here

Like a person Kenna rob....kpkb to the whole world but don't want to report police
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Old 12-07-2016, 02:55 PM   #723
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Just take out your financial review and post the first few pages, then we talk

I Don't draw a basic pay from anyone, I can spend my time however I want, u Huan Lo ?
I am so sorry but I find it hard to communicate with you because you question my level of English. If that is the case, how am I suppose to communicate with you ? Even if I flash out every single policy, and you explain it to me, how am I going to understand ?
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Old 12-07-2016, 02:55 PM   #724
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Come on guys, lets apologize to someone here because we have hurt his/her profession, ethics and ego.

We also must admit our command of English, our process of thoughts and our understanding of finance is too low and too weak.

It is all our fault, agents and insurance companies bear no fault.

They contribute a lot to the society unlike us, who only contribute to kpkb over the internet !

If they mis-sell a product, so what ? Clients' fault for not reading and not understanding !

Clients deserve it if they commit to a product and then kpkb years later because the product is not what they thought to be.
Stop trolling. Thank.
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Old 12-07-2016, 02:57 PM   #725
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Here
http://blog.moneysmart.sg/insurance/...your-policies/

So u think that is easy money, welcome to join the industry and try.
see people doing better than u, u eye red....so u want to see whe whole world eating grass and serve you?


Easily done by robot advisors like wealth front. Check out videos in first post.
If any doubts with robots, call help desk to speak to a qualified financial advisor. Not just any A-lvl FFF/F ginna trying the easy way out. P

Nobody is pointing a gun at you to buy anything or to speak to anyone wor, if u think u rather trust a robot, please go ahead


With the increasingly educated population in Singapore, most people can read their own policy booklet and understand the policy they bought.
In doubt, call the call centre to speak to a qualified financial advisor.

U bought the policy, u read the policy contract, and u understood, and u did not practice the free look. Y are u whining

This is the law, don't credit it to the agent. It's shameless.

People ask what we do, I tell....what is so shameless


Review liao can do what? Why need you to review when the company already send out bonus declaration? Will the agent be able to help in managing the invested funds?
Review liao the client also LLST, it's an illusion to make the client think they have control over the policy.

People's life stage change, thinking change, needs change.
Past years participating fund bonus is being published on the net, there is no secret, no big fluctuation. Try asking a robot to show u.
If the funds are going the wrong way, there is always an option to switch funds.

Severely over paid for this role. Basically a dispatch only.
Are the agents able to decide if the insurance company would pay out?
The insurance agent sign the cheque to withdraw the funds from the company account?
I strap my policy claim form to a pigeon and get it to fly back to insurance HQ would be cheaper better faster.

Like what was mentioned, please go ahead and do it. If u bought something from a robot, I think a more reliable way would be to send it via registered mail.


Im an aircraft engineer. I fix jets.

So u are a mechanic....cost centre to your company.


Yes. Go thru the company's course, pass a series of 'test', do on job trainning to con a few folks, ezpz.

Isn't that the same thing for most of the profession out there?


Like I mentioned earlier, DPM tharman understand the social problem and the cost that useless agent brings to society.
I quote DPM tharman


The mas will act on insurance agents. But they will take a progressive approach so that FFF/F failure agents won't be roaming the streets and creating more social problems.
Then they go fix aeroplane lor, read manual can fix Liao mah, cannot fix call help desk lor, maybe some far away call centre in Philippines or India, at night those people got nothing to do, flip manual...maybe they have better understanding.

If u find it insulting.....u point one finger at others, four fingers are pointing back at your ownself
There is a multi quote function... Your this post is quite messed up, totally dunno who is saying what.
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Old 12-07-2016, 02:59 PM   #726
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If u really think you are mis sold, please go thru proper channel instead of kpkb here

Like a person Kenna rob....kpkb to the whole world but don't want to report police
You think I never do it before ?

Do I need to sedi-a outside the door and hentak-kaki 1st before reporting to you on the timeline ?

I did mention before in this forum, I did some research after knowing what happened, and I went to the agent to complain and question her, but I got smoking through answers. I called up the company multiple times and I did not get any satisfactory answers for some reasons or so.

Please, if you still think I did nothing, go ahead and do your fanciful assumptions here. Let your imagination run wild. Need me to teach ? No need right ?
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Old 12-07-2016, 03:03 PM   #727
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Wow! Guess who is "donating" more money to the agents!

Those who buy Term Plans!

As a shareholder, I'm also happy, cos that will increase the bottomline and give me more dividends every year! Huat ah!

Thanks to pew for sharing the article!
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Old 12-07-2016, 03:04 PM   #728
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Stop trolling. Thank.
Sorry mod, I end my squabbling for this thread here. Will only make proper, informative posts here. Thanks.
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Old 12-07-2016, 03:09 PM   #729
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There is a multi quote function... Your this post is quite messed up, totally dunno who is saying what.
Nvm, not important, all 废话
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Old 12-07-2016, 03:12 PM   #730
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Wow! Guess who is "donating" more money to the agents!

Those who buy Term Plans!

As a shareholder, I'm also happy, cos that will increase the bottomline and give me more dividends every year! Huat ah!

Thanks to pew for sharing the article!
term plan: low premiums, high coverage

not sure where the donations come from

maybe endowment/WL/ILP? they require higher premiums
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Old 12-07-2016, 03:27 PM   #731
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term plan: low premiums, high coverage

not sure where the donations come from

maybe endowment/WL/ILP? they require higher premiums
they also bungkus term plans into endowments. really unethical
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Old 12-07-2016, 03:36 PM   #732
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term plan: low premiums, high coverage

not sure where the donations come from

maybe endowment/WL/ILP? they require higher premiums
Are u sure low? The only term plan I see before that I dare say is low premium would be Avila SAF GTL and DPS

Different stroke for different folks,

Term plan is are usually for people who wants the coverage but cannot afford. So they get a convertible term to lock in their good health, and convert along the way.

The other common category of people who get term would be those who can or who think they can generate better returns than life or endowment policies.
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Old 12-07-2016, 03:43 PM   #733
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Are u sure low? The only term plan I see before that I dare say is low premium would be Avila SAF GTL and DPS

Different stroke for different folks,

Term plan is are usually for people who wants the coverage but cannot afford. So they get a convertible term to lock in their good health, and convert along the way.

The other common category of people who get term would be those who can or who think they can generate better returns than life or endowment policies.
$996 annual premiums till 65 for 500k coverage of death and tpd, 200k ci, plus premium eraser considered low or high?
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Old 12-07-2016, 03:57 PM   #734
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$996 annual premiums till 65 for 500k coverage of death and tpd, 200k ci, plus premium eraser considered low or high?
Age?
Sex?
Smoker or non smoker?
Renewable after 65?
Is the term convertible? If it's convertible, only Death and TPD is convertible or CI also convertible?
What is premium eraser?
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Old 12-07-2016, 04:07 PM   #735
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Age?
Sex?
Smoker or non smoker?
Renewable after 65?
Is the term convertible? If it's convertible, only Death and TPD is convertible or CI also convertible?
What is premium eraser?
Age? 27
Sex? M
Smoker or non smoker? Non-smoker
Renewable after 65? Yes
Is the term convertible? If it's convertible, only Death and TPD is convertible or CI also convertible? Yes, all 3
What is premium eraser? tio ci, no need pay anymore premiums onwards
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