Do you really understand why you need insurance?
I don’t want to say that all insurance agents are unscrupulous and money-minded, because I have a few friends who work as insurance agents and are really good at their job. The sad reality is that insurers are dishing out very attractive commissions for insurance products that are designed to make you part with more money than what you have to. They make their products more complicated by integrating elements of investment to charge a higher premium and grow their corporate revenue. For a insurance agent who’s basically an insurer’s sales person, it’s very hard to not focus on selling the more profitable products. You have to look out for yourself because nobody is doing it for you.
