(Video)Why Singaporeans Are Underinsured? (Closed Caption)
Written by Wilfred Ling
Friday, 01 April 2011
Mr. Wilfred Ling, the FA Associate Director of Promiseland Independent Pte Ltd tells us why Singaporeans Are Underinsured despite paying hefty premiums. He shares why an individual who paid more than $80,000 in annual premiums was still underinsured. He answers the following questions:
What is the average life insurance that a typical working adult should have?
What are the reasons for underinsurance?
Senior Minister Goh said that the insurance adviser plays a critical role here in product recommendations. Can you elaborate?
NTUC agents do their fact find after the sale or before the appointment if they are using computer. They have templates; and they cut and paste.
The ceo only interested in high APIs. Term cannot but only vivolife, revosave and all the par products and now the regular SAIL product.
No need fact find..They already KNEW what products 'suit' the customers. No need to guess. of course the cure all or the one size fits all products like all high commission products.
Go to Active Aging Exhibition at Suntec City and you can see NTUC is the only company with product display, no difference from the other product marketing companies.
Fact find is a bullshit in ntuc.The ceo is only interested in APIs.Term insurance can't give high APIs, right? That is why he always talks about 'people before profit' which is a lie.
