Insufficient savings? No wonder with poor insurance returns

http://tankinlian.blogspot.com/2009/08/insufficient-savings-no-wonder-with.html <--- TKL's view: Many life insurance policies taken today require more than 15 years to 'break even'. This is the point where the cash value of the policy is more than the premiums that were paid over the years.

Createwealth8888's view on his insurance policies:

My insurance policy was purchased more than 13 years ago, and coming to its 14th year anniversary and its cash value as on Jul 2009 is about 80.3% of premiums paid, and still far from break even.

So I still believe that certain insurance products will continue to give poor insurance returns regardless whether it is today or in the past 15 years ago, or in the future.

Another insurance policy maturing in Oct 09 and I have received the letter from the insurance company and its total return is 8.2% over 5 years, and it is nowhere near its projected returns. Projected returns are USELESS statement and don't ever believe it.

Fortunately, those relatives and friends of mine have been successful in their FA careers or they have move on, and unlikely they will come to me for meeting their quota. Cheers!