Suppose you have bought a policy from one of the life insurance companies (classic endowment) and wish to surrender it, what do you do? Go to the life insurance company and say “i wish to surrender this plan please”. They then follow a very complicated path and tell you how much they will pay you. […]
One of Taleb’s quotes is ‘never trust an employee’ – I guess it includes commission agents, also. If you are not paying negotiated fees to an adviser, you are paying a pretty high fees in some other form that you cannot see. Here are the case of 2 employees (some coincidence they share a surname). […]
True or False: Regulators are appointed to: a) protect the customers b) protect the manufacturers c) regulate and develop the industry d) to speak the language of the strongest manufacturer and help the well established ones. Zero marks to people who chose a, b or c. Let us take the Insurance Regulator’s role. EXAMPLE ONE […]