Split Policy

Tp101s

Tp101s

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Why my agent discourage me from splitting my policy eg. Instead of taking up a 6k annual premium policy, I prefer 2 policies of $3k pa. I prefer two in case some day cash flow got problem.
 
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moejoseph

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Tp101s said:
Why my agent discourage me from splitting my policy eg. Instead of taking up a 6k annual premium policy, I prefer 2 policies of $3k pa. I prefer two in case some day cash flow got problem.
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Actually splitting is better for them, as this increase their case count with the same commission received.

I wonder why as well
 
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boredboiboi

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Tp101s said:
Why my agent discourage me from splitting my policy eg. Instead of taking up a 6k annual premium policy, I prefer 2 policies of $3k pa. I prefer two in case some day cash flow got problem.
Click to expand...

I would say same. Unless the plan got discount for higher premium or sum insured then yes splitting dont make sense.
 
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