A. Before You BUY your first/next insurance policy
B. Client-Planner relationship
Let me re-phrase the Heading. Why you should not buy insurance blindly without first understanding yourself and/or your financial planner. Is he qualified to be your Financial Doctor?
Does your Planner have a good understanding of?
· your current financial situation through a proper fact find (full disclosure)
· your current phase in financial planning stages
· your Budget
· Cash Flow and Balance Sheet
· Assets and Liabilities (not an exhaust list)
Do you know?
1. How competent (by experience) is your Planner
2. How conversant your Planner in financial planning, hence his/her understanding of his/her tools
3. If your planner is licensed to recommend possible solutions from other financial institutions
4. If your planner has a foundation in investment planning
5. If your planner knows the ...
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