tag:blogger.com,1999:blog-7944902213075756335.post524632323378146731..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Should I forfeit $5,000?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7944902213075756335.post-5767978755104009142015-03-30T19:04:18.618+08:002015-03-30T19:04:18.618+08:00http://www.lia.org.sg/consumers/buying_tips
14-da...http://www.lia.org.sg/consumers/buying_tips<br /><br />14-day free look period <br />All insurance companies grant a "14-day free look period". It starts from the date of receipt of your policy document. During this period, you should review your policy to see if it meets your needs. If you decide not to keep it, give the company written notice of cancellation and the company will starmasterhttps://www.blogger.com/profile/00499104406640541420noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47942847171808907962015-03-28T16:21:24.765+08:002015-03-28T16:21:24.765+08:00Hi all,
I am so glad I shared the reader's ex...Hi all,<br /><br />I am so glad I shared the reader's experience here in my blog. I have asked her to read all your comments and she will have to decide what to do from here on.<br /><br />When bad things happen to us, it helps to know that there are people out there who care enough to share and to help lighten our load. :)<br /><br />Thank you very much. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66243178015343297452015-03-28T13:56:33.369+08:002015-03-28T13:56:33.369+08:00Hi AK,
The Reader should not forfeit his $5K, but...Hi AK,<br /><br />The Reader should not forfeit his $5K, but instead attempt to speak to the higher management of the insurance company concerned, to explain the situation. For sure, he must insist on talking to someone who is in a better position to help him.<br /><br />Even though his policy has "technically" past the 14 day Free Look period, the higher management has the ability to gerimegalyhttps://www.blogger.com/profile/18297107463945927585noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71746850094895105362015-03-28T12:27:59.392+08:002015-03-28T12:27:59.392+08:00Hi AK,
I feel regardless if it's misrepresent...Hi AK,<br /><br />I feel regardless if it's misrepresentation or misunderstanding, 30-year duration is a critical piece of information that should not have been missing or having the remote chance of being misunderstood. The financial committment over the next 30 years should have been clearly presented, so one can always go back to the proposal given by the agent as evidence to see if it'HappyInvestorhttps://www.blogger.com/profile/05000369634335765724noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72625476220019261852015-03-27T20:49:46.566+08:002015-03-27T20:49:46.566+08:00This is not the kind of Singapore that was built t...This is not the kind of Singapore that was built to last ... people singaporean agent taking advantage of those less knowledgeable....just for commission; his license shld be revoked...<br />Rodneyhttps://www.blogger.com/profile/00292209018427956466noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58756225489261810642015-03-27T20:20:25.605+08:002015-03-27T20:20:25.605+08:00Just talking to myself on what I think :)
1. Need...Just talking to myself on what I think :)<br /><br />1. Need to deduct 6% before net returns.<br />2. Lock-in continual payment (Amt?)for 30yrs. Unsure what is the charges for "early surrender".<br />3. Use a spreadsheet to generate various %returns for 30yrs, comparing with a low cost index ETF.<br />4. See where is the $5000 breakeven point (based on assumed %returns).<br />5. ???calving777https://www.blogger.com/profile/04059134376594181796noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30094187551755684172015-03-27T20:04:38.210+08:002015-03-27T20:04:38.210+08:00The following are comments left on my FB wall by o...The following are comments left on my FB wall by other readers:<br /><br /><b>Matthew Seah: </b><br />can still cancel within 14 days after receiving policy document. A trick of agents is to withhold the documents till past the date. then get you to sign the acknowledgement of receiving policy documents without asking you to fill in the date<br /><br /><b>Christopher Lock:</b> <br />The right to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26582315724657930042015-03-27T20:03:04.076+08:002015-03-27T20:03:04.076+08:00For the reader concerned, this is what my friend w...For the reader concerned, this is what my friend who is also an insurance agent said to me:<br /><br />"If she got evidence that is a missold case, she can go a higher management de"<br /><br />This would probably mean bypassing the call centre staff.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12680891618514216452015-03-27T20:01:57.055+08:002015-03-27T20:01:57.055+08:00Hi SMOL,
Yes, like a friend put it so well, it pr...Hi SMOL,<br /><br />Yes, like a friend put it so well, it probably isn't that the agent lacks knowledge, very often, it is a question of ethics. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3354968382017344772015-03-27T20:01:02.160+08:002015-03-27T20:01:02.160+08:00Hi Rebel,
That would be very satisfying but it co...Hi Rebel,<br /><br />That would be very satisfying but it could get us in trouble. LOL. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23470680131021381512015-03-27T19:50:45.773+08:002015-03-27T19:50:45.773+08:00AK,
I'm glad you gave this case to a professi...AK,<br /><br />I'm glad you gave this case to a professional to follow-up.<br /><br />Need to verify BOTH sides of the story before jumping to conclusion.<br /><br />If it's indeed a case of misrepresentation, the agent's career may be short-lived. <br /><br />I'm sure the Life Insurance Association of Singapore would appreciate the opportunity to kill chicken to frighten the Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91967721070722667402015-03-27T19:33:20.416+08:002015-03-27T19:33:20.416+08:00Grrr . . . Lace the money sucker's underwear w...Grrr . . . Lace the money sucker's underwear with grounded chilli padi @_@Rebelhttps://www.blogger.com/profile/13699200497110968796noreply@blogger.com