Newbie Guide: How to Find a Good Agent for Investment & Insurance?

[moejoseph]

I have met a fee based agent which recommends getting BOTH term and WL policies.

It was free for the first few sessions. The 2nd session was meeting the mentor and the agent, but the mentor did most of the talking on the 2nd session so I stopped meeting the agent.

The first few posts are edited on 2011, any updates on how to find a better fee-based advisor?

My current advisor recommends me BTIR but he recommended ILP which I didn't take up. Now his response with me is dam slow.

U can also get both term and whole life with a comm based agent who is good. U just have to source around.

Most fee based agents, as u mentioned, charges a fee just to meet u. And for the free sessions they usually use it to train their own advisors or provide a very minimal sharing only. If u need to review your policy in future, or to make some changes or even to claim, you will need to pay them as well, is this what you really want?

 

[hellvolhardzelinsky]

Buy term can be via various platform. ILP is because the new ILP are 100% invested and 101% protect you against death and terminal illness in the event the market go south while platform cant protect. That the difference mainly. You dont need a fee base agent to advise you. Anyone of us can advise you just as good.
Buying term and wholelife is depending on individual sometime. Some dont like the feeling of paying and every go down the drain if no claims. While wholelife got a breakeven point.

U can also get both term and whole life with a comm based agent who is good. U just have to source around.

Most fee based agents, as u mentioned, charges a fee just to meet u. And for the free sessions they usually use it to train their own advisors or provide a very minimal sharing only. If u need to review your policy in future, or to make some changes or even to claim, you will need to pay them as well, is this what you really want?

Thanks! Understand now, no wonder I got a free session with the fee-based advisor.

 

[moejoseph]

Thanks! Understand now, no wonder I got a free session with the fee-based advisor.

Welcome! My friends got the free session too via like a workplace seminar/lunchtime talk tied up between their company and them. Usually fee based agents can sell a fee companies' products (as per IFA), just that they charge another fee for consultation (like lawyer/doctor etc..)

 

[boredboiboi]

Thanks! Understand now, no wonder I got a free session with the fee-based advisor.

Welcome. I simply dont know who will actually pay for a fee when actually it can be gotten for free? Unless he can do things that we cant which is impossible.

Maybe people will feel its more professional?

You can read all the advise here, i dont think it will be better for a fee based =)

 

[wizardmao]

Bookmarked

 

[xtwis7]

Fee-based Advisors here are overrated. Tell me why if an advisor gives you good advice yet you feel it’s not right to pay commissions?

Many people go to advisors for advice and they end up buying on their own even though that is limited to a certain extent.

 

[amazingneil]

I feel that at the start it is important to know roughly what kind of coverage you will need based on your which stage you are in life and the number of dependents that you currently have. Do check this website out. I use this website to see what I need as a students to ensure that i am sufficiently covered.

https://web.policypal.com/life-stage

 

[nydeidith]

hi guys...for an IFA who is charging 1% fee per annum plus platform fees ...what kind of expected long-term returns is reasonable (say like 20 years time frame)?...is 5% annually after all fees reasonable?...the portfolio will be balanced...also should i be asking what commission he is getting from the products recommended? and what is a reasonable commission rate for him to be getting?

this advisor seems to be quite comprehensive...reviewed my insurance and made various recommendations based on my objectives....would appreciate if bros can give me some more tips what i should look out for before engaging...

thanks!

 

[SBC]

I have met a fee based agent which recommends getting BOTH term and WL policies.

It was free for the first few sessions. The 2nd session was meeting the mentor and the agent, but the mentor did most of the talking on the 2nd session so I stopped meeting the agent.

The first few posts are edited on 2011, any updates on how to find a better fee-based advisor?

My current advisor recommends me BTIR but he recommended ILP which I didn't take up. Now his response with me is dam slow.

How to sustain the free consultation if you are not buying?

Is just very natural.

 

[thisislife]

is AIA pro achiever good?

 

[boredboiboi]

is AIA pro achiever good?

There are better ones.
Pro achiever is an old plan that is sub funds.
The newer ones are buying str8 into main funds

 

[GloveK8]

Hi all, looking for good IFA. I am only looking to buy term plan with maybe some CI coverage. Any good IFA to recommend? Please pm me. Thanks a lot!

 

[winthony]

Hi all, looking for good IFA. I am only looking to buy term plan with maybe some CI coverage. Any good IFA to recommend? Please pm me. Thanks a lot!

Hello!

Sent you a pm

 

[boredboiboi]

Hi all, looking for good IFA. I am only looking to buy term plan with maybe some CI coverage. Any good IFA to recommend? Please pm me. Thanks a lot!

Have pm u. For your reference

 

[dappermen]

Investment is inv &
Insurance is insur
separate them pls! 2 diff matters​

 

[Darth_Yang]

Looking for advisor to manage my family's insurance matters... Pls PM with your BMI and cup size... Tx

 

[boredboiboi]

Looking for advisor to manage my family's insurance matters... Pls PM with your BMI and cup size... Tx

Lol. No cup size. I dont wear bra