Saturday, October 27, 2007

They sell you what you don't want

They sell you what you don't want

Mis-selling (Selling insurance products without understanding your needs) is rampant and whether you are a newborn or a 60 year old, insurance will be the first product sold to you.

Selling insurance is a business and you better understand what's under all their sweet talk and projects.

Don't mix insurance with investment. They are two separate decisions having different impacts on your life.

Generally insurance is sold through friends, and family and hence there is a social obligation to buy the policy. So even if you have to honour a social obligation, buy a term plan.

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