Prudential and its irritating agents

[SuPerBoRed]

Most la.. not all.. at least my Financial Advisor doesn't sell products to me if its not beneficial or most cost effective. Thats why I chose him to be my FA.

 

So cute you....  

[Kopites]

So cute you....

A general question. Would you guy prefer Your FA of opposite gender? My wife FA a guy. I don't have FA yet.

 

I am my own planner.

[Buadongdong]

A general question. Would you guy prefer Your FA of opposite gender? My wife FA a guy. I don't have FA yet.

 

I am my own planner.

I prefer a FA with the necessary technical knowledge and one that works for the benefit of the customer and not their commission. Gender is of no concern to me.

[Kusje]

A general question. Would you guy prefer Your FA of opposite gender? My wife FA a guy. I don't have FA yet.

 

I am my own planner.

How come your wife don't trust you....

 

Hehe

[Mustank]

I prefer a FA with the necessary technical knowledge and one that works for the benefit of the customer and not their commission. Gender is of no concern to me.

Not possible

The only person who don't want my money is my own wife, brother, parents

[SuPerBoRed]

I am my own planner.

 

Lol...same...  

 

but i did use one broker to do a personal hospitalization plan.. only becoz she was very polite and nice abt it.

I prefer a FA with the necessary technical knowledge and one that works for the benefit of the customer and not their commission. Gender is of no concern to me.

 

wat if i tell you i prolly understand the investing/trading mechanisms way better than most FA out there?

 

Look.. same as you at work.. you just need the job done.. do you do 100% all the time?... would u say/do something that may jeopardize a project just to do the right thing?

 

In the same vein... please understand that you are the project.. and closing your policy is their job.

[Kusje]

Lol...same...

 

but i did use one broker to do a personal hospitalization plan.. only becoz she was very polite and nice abt it.

So far, I've used broker to settle the following:

 

1. Housing loan. Did some basic groundwork then asked him to propose for comparison. He managed to get a package that was either new or not generally available to consumers.

2. Car insurance. Used one of the companies that advertised in mcf. Every yr just renew thru them but they will show another 2 as comparison to the current company. Have changed insurance coys a couple of times so I consider that savings.

3. Home fire and damage insurance. Went to the loan broker. He didn't provide comparison but since it is just 100 or so a year, I just signed. I did check ntuc insurance and his was cheaper but I hadn't heard of the company before (sompo).

 

Stuff like medishield I just went direct to the insurance company as the information is widely available online. MOH even provided a good comparison chart. But next time I think I will go thru the broker as well because when I called the insurance coy direct, they took very long to assign the agent to me (I guess not much commission?). And then I also had to meet the agent for his financial talk when all I wanted was to sign and move on.

Edited May 5, 2017 by Kusje

[Buadongdong]

Lol...same...  

 

but i did use one broker to do a personal hospitalization plan.. only becoz she was very polite and nice abt it.

 

wat if i tell you i prolly understand the investing/trading mechanisms way better than most FA out there?

 

Look.. same as you at work.. you just need the job done.. do you do 100% all the time?... would u say/do something that may jeopardize a project just to do the right thing?

 

In the same vein... please understand that you are the project.. and closing your policy is their job.

Hmm... Something for me to note. At least my FA is less of a sucker than others but still out to suck my money la.. hehehe...

[SuPerBoRed]

So far, I've used broker to settle the following:

 

1. Housing loan. Did some basic groundwork then asked him to propose for comparison. He managed to get a package that was either new or not generally available to consumers.

2. Car insurance. Used one of the companies that advertised in mcf. Every yr just renew thru them but they will show another 2 as comparison to the current company. Have changed insurance coys a couple of times so I consider that savings.

3. Home fire and damage insurance. Went to the loan broker. He didn't provide comparison but since it is just 100 or so a year, I just signed. I did check ntuc insurance and his was cheaper but I hadn't heard of the company before (sompo).

 

 

 

u ranked them in priority.. 

[Windwaver]

its pay for 25 years ... but after that still got "free" coverage untill 99 .....meaning even after i stop paying, if i die after 70, there will still be a payout .... whereas most policies out there is cover until 65 or 70 ... after that, die still get nothing.

 

actually, i am thinking, this is bao jiak wan ... - $4k x 25 years  = $100k .... but the payout is $250k ... no way i can save that kind of money ... sure win situation.

 

Well, insurance to me is passing the risk so when I still have love ones that depend on me, an insurance is good. However, that need disappears when I retire at 60 or 65 and that's why most plans stop at around that age.

 

If you have extra cash, it's better to invest in simple tools like ETF, SSB or even high yield savings account. This kind of limited pay plans is just ripping you off. Value of money today is worth more than value in the future.

 

Say if on average people pass on between age 80 and 90, your kids will probably be in their 60s in which case, their own policies or savings would have been enough to cover their retirement. Why do you need protection until 99?

 

Those MDRTs are really good at convincing people

[Celicar]

Buy insurance for the birthday cards. Everything else is a bonus.

 

Insurance company will not lose money, they are just the medium to pool risk and earn from doing so. So called win-win, but in detail it is they win first, then if anything left then you win.

[SuPerBoRed]

Not possible

The only person who don't want my money is my own wife, brother, parents

 

are you @jamesc?

[Jamesc]

are you @jamesc?

 

Just bcos he never say his MIL didn't want his money?

 

[SuPerBoRed]

Just bcos he never say his MIL didn't want his money?

 

i have so many complains abt the same topic... always held my tongue.. dont want to be accused of being your clone... 

 

imagine my pent up anguish due to your existence....    

[Jamesc]

i have so many complains abt the same topic... always held my tongue.. dont want to be accused of being your clone... 

 

imagine my pent up anguish due to your existence....    

 

Please fire away. There is only one lesbian trapped in a man's

 

body and no one will ever complain about me cloning myself.

 

There is one poster that use my exact formatting style for many

 

years but no one has ever said he is my clone. 

 

[Ysc3]

Well, insurance to me is passing the risk so when I still have love ones that depend on me, an insurance is good. However, that need disappears when I retire at 60 or 65 and that's why most plans stop at around that age.

 

If you have extra cash, it's better to invest in simple tools like ETF, SSB or even high yield savings account. This kind of limited pay plans is just ripping you off. Value of money today is worth more than value in the future.

 

Say if on average people pass on between age 80 and 90, your kids will probably be in their 60s in which case, their own policies or savings would have been enough to cover their retirement. Why do you need protection until 99?

 

Those MDRTs are really good at convincing people

 

if you read my previous post, you would know that I am not in the pink of health ... quite high risk according to some insurance agents that I asked. Even my regular broker also could not bring himself to sell me a policy due to my conditions and the loadings.

 

I am not sure if I can make it the next 25 years or not ... I am 47 but my boy is only 2 this year ... and the next 25 years are going to be very crucial just in case I don't make it.

 

as for the 99 years old thingy, that is just an added plus ...  30 years of additional "free coverage" ... whereas other policies would have nothing after 70 years old - why not ?

 

and the best part - If by some "whatever", I become a centurion, I will still be paid the $250k+ bonuses !! so no matter what, I am supposed to get the $250k + ... as long as I pay my premiums till end of payment contract.

Huh, why you need to insure until 99? By 65 most people will not have to worry about dependents already.

 

I am a late bloomer ... 47 this year ... son only 2. by the time I am 65, he still NS ... I will definitely need to worry ...

[Ysc3]

Saving the margin 150k in 25 years not able to do so? Mean annually you can't even save at least 10k?

 

You should give up your ride and start saving now.

dun worry ... COE due in another 5 months ...then no more car liow ... anyway car was bought with cash ...

 

saving $10k a year is not really easy ... lots of commitment ... already paying about $12k a year for my family's policies ... and sole breadwinner ... 2 yr old kid ... not easy .... in fact past 3 years bank account went down abit instead.

 

but experience has taught me to bite the bullet when it comes to insurance matters .... as I have made claims before and it really helped a lot ! dad clocked almost 20k in hospital bills last year but after medisave, only paid very little.

 

ppl won't believe me but all the policies that I bought are actually sourced by myself ! most ppl fear and dread being sought by insurance agents .... but for me, I went out to find the agents instead !

[Kopites]

dun worry ... COE due in another 5 months ...then no more car liow ... anyway car was bought with cash ...

 

saving $10k a year is not really easy ... lots of commitment ... already paying about $12k a year for my family's policies ... and sole breadwinner ... 2 yr old kid ... not easy .... in fact past 3 years bank account went down abit instead.

 

but experience has taught me to bite the bullet when it comes to insurance matters .... as I have made claims before and it really helped a lot ! dad clocked almost 20k in hospital bills last year but after medisave, only paid very little.

 

ppl won't believe me but all the policies that I bought are actually sourced by myself ! most ppl fear and dread being sought by insurance agents .... but for me, I went out to find the agents instead !

Now i get a better picture. With depleting saving you do need some insurance protection in time of need.

 

Stuck in there and you will be able to pull through seeing how meticulate in you trying to source insurance protection for your loved one.

 

No worry for a car When coe expire in 5 years time. You can always go for those resales if car is a need to your family with children and old folks.

 

Not to tie ourselves with too many liabilities. Bear in mind our market value depreciate as we aged.

 

Appreciate only in the eyes of China mei mei...Slap myself..Mouth can't grow elephant teeth..haha

Edited May 6, 2017 by Kopites