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Insurance Analogies in Election 2011
By Wilfred Ling, The IFA on Duty  •  May 10, 2011

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LOL

Worker’s Party Low Thia Khiang said Singaporeans should "buy insurance" by voting for the opposition. “This was to act as checks and balances against the ruling party in the event the PAP falters”, noted Mr Low.

(My paraphrase: Adviser said to prospect, "Sir, the most important aspect of financial planning is risk management.")

"By the opposition's own admission, if you ask them, are you ready to form a government? Show me, where's your Cabinet, who's going to be it, they say, no no, we're not ready. So what they're asking you to do, is pay a very high premium, for a so-called insurance, which when you have to call that insurance, they can't deliver." - said Deputy Prime Minister Teo Chee Hean.

(My paraphrase: Prospect to adviser: "The premium is too expensive and moreover insurance cannot claim one." )

Now was not the time to buy ...

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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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