I recently just read a book “Get Value from Your Life Insurance” by Mr Tan Kin Lian, one of the four candidates for the 2011 Singapore Presidential Election. Being a qualified actuary and previous CEO of NTUC Income, there is nobody more qualified to talk about insurance than he is. In this book, he gives advice on insurance in a very simple, easy to read and candid manner. Even though it is not a big book, it packs a punch with the concise and informative contents. Here are the key points to take away from this book. Deductions Should Be Below 20% The deductions refer to the amount of the accumulated premium which is taken away from the customer. The accumulated premium is simply the amount of premium paid up to the date since the starting of the policy. To find out the deduction, simply refer to “Effect of deduction” ......