I was walking along a bus interchange and there was a road show by a prominent insurance company. There were many agents approaching anyone who dared to venture near them. Obviously, that created a kind of inconvenient bottom neck along the walking path as many avoided the area.
That got me wondering – Why are people so afraid of Insurance Agents?
Perhaps it is the confusion towards approaching an agent prepared. Hence, I thought of some things to ask beforehand for a meaningful session.
Qn 1 – What experience do you have?
Much like going to see any professional, i.e. a doctor, surgeon, dentist, lawyer, etc, one needs to have the confidence. So, it is a fundamental question as to the agent’s qualifications and licensing.
In addition, we would like to hear the agent’s history to handling past claims or investment track record.
Aaron Lau is a Independent Financial Adviser licensed by the Monetary Authority of Singapore to provide financial advice to individuals in Singapore.
The main reason he is in the Financial Advisory industry is to share what he has learned after studying and comparing the various insurance and investment instruments in the market. He strongly feels that proper, quality financial planning is important to all individuals and sincerely would like to reach out to help as many as possible.