You might already have noticed this, that the term ‘insurance agent’ has long been replaced by fancier versions such as ‘life planner’ or ‘financial advisor’. It’s not hard to imagine why they need an image overhaul.
Insurance agents have, for the longest time, evoked some sort of a mixed love-hate response. Some people want to avoid them unless absolutely necessary, and some have truly built a good relationship with their agents and trust them to dispense sound financial advice and suitable product recommendations.
Before you go shopping for an insurance policy, there are things that you need to watch out for when working with an insurance agent to get the most out of your hard-earned money.
How do insurance agents earn money?
In Singapore, most agents do not receive a fixed salary and all their income comes from sales commissions. This is why some of them may come across …