Not all insurance products and unit trusts are created equal. The writer wonders why most people at the top don’t believe in them. Why did Warren Buffet buy an insurance company? Because _______________. I just returned from a harrowing experience at this local insurance company and a morning of blank faces and passive responses to my torrent of questions. Why have I been paying S$7,000 per year and getting all these optimistic updates on fund performance, and after 10 years I end up losing more than 40 percent of my premiums? Investment-linked what? You see, I had blindly signed the papers when my mom suggested I buy a bunch of investment-linked products over a decade ago, and had paid scant attention it until urged by an insurance adviser recently. The realisation that I have been paying very, very expensive term premiums over 10 years does not sit well with ......