[caption id="attachment_2394" align="alignright" width="150" caption="Photo by erix!"][/caption]
I read in today’s newspaper about many readers who were angry at Shell for causing traffic jams all over Singapore because of its $1 per litre promotion. Readers were unhappy because of massive traffic jams all over Singapore. But what people did not know was that insurers are also doing this kind of thing – not just one weekend but many weekends.
Everybody now knows that it is “raining” single premium endowments. With massive liquidity and risk aversion, many people are attracted to the returns from single premium endowment especially it is as short as 2 to 5 years time horizon. But it seems that insurers are playing games with each other and causing lost of productively of advisers. Why? Read more...