Insurance - Human Asset and Liability - Part 2

Posted by Tan Kin Lian in his blog:

I met many senior insurance managers at an Asean Insurance Conference in Vientiane, Laos. One participant, who is a CEO, told me that he advised his friends and family members to buy Term insurance for the insurance cover. He advised them to avoid insurance products as investments, as they get a poor return.He wished that it was possible for his company to sell better value products, but after providing for the high commission to the agents, this was not possible. He was not able to develop a new sales channel to replace the agents.

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http://createwealth8888.blogspot.com/2009/10/insurance-human-asset-and-liability.html

You can view Term Insurance as a hedge against your Human Asset and bear in mind that Insurance as a financial investment product doesn't really provide the expected returns; and it is often too late to realize it.