Advantages & disadvantages of purchasing insurance directly from companies vs through financial advisors/consultants.

[ckunjie]

I’ve always found it easier to buy simpler policies, like basic term life or travel insurance, directly from companies. There’s less paperwork, no one trying to sell me extras, and usually the website walks you through the process. But when I needed coverage for my small business, the options got complicated, and I wasn’t sure what would really cover my staff or what was required by law. That’s when having a broker or consultant actually helped, someone explained all the details and I could ask about the stuff that didn’t make sense.

 

[AST781]

Previously i purchased from Moneyowl, for my daughter, as they rebate 50% commission back
- purchase thru them NTUC policies - 2 whole life plan with CI, 1x endowment plan & 1x Hospitalisation plan

Any more such intermediary that can give rebate on commission - looking at buying for my son?
- Saw that FundSupermart has the rebate but only 30% for my tier
https://secure.fundsupermart.com/fsmone/article/rtim340/our-rebate-program-–-save-more-when-you-insure-with-us

Just to add my preference is currently Tokio Marine and probably NTUC Income (hopefully they don't get bought over)

iFast loh. Moneyowl sold their insurance wing to them. But the commission rebate now is 25%. 50% isn't a sustainable model, that's y the Owl also toh.