There’s no shortage of insurance horror stories on the internet and social media, from your family and friends or even from your own experience. The problem is that majority of people only find out they’ve got unsuitable insurance plans at the point they need it the most – when they need to make a claim or cash in.
Read Also: 3 Occasions Where You Bought An Insurance Policy And Expect A Payout, But Failed To Receive One
This has led to many people being extremely guarded when buying insurance and getting advice from insurance agents or financial advisors.
In this podcast, we speak to Kennard Lee, who is now a financial advisor with AIA. Kennard found himself in a similar situation a few years ago, without adequate medical insurance when he was diagnosed with stage 4 cancer. Having recovered, he has now found his calling helping people cover their bases and build their wealth with insurance and investment policies.
Read Also: The Biggest Misconceptions About Financial Advisers, According To Agents Themselves
We discuss with Kennard, and our Managing Editor, Timothy Ho, how to minimise our risk of buying unsuitable policies from insurance agents and financial advisors because of bad advice. This is because it isn’t always straightforward whether you’re getting good advice.
One common adverse scenario is being given good advice in general, but without fully appreciating your personal circumstances. This is how a good piece of advice can become bad for a particular individual. Listen to our podcast to for the full discussion.
Also Read: Choosing The Right Financial Adviser For You: Here Are 5 Questions To Ask Before Deciding
Past DollarsAndSense Podcast Episodes
Episode #1: What Is Retirement, Anyway?
Episode #2: Does Paying Singapore Ministers High Salaries Get Us The Best Talents?
Episode #3: Are Private University Graduates At An Unfair Disadvantage When Finding Jobs In Singapore?
Episode #4: My Child’s Education VS My Retirement – Which Is More Important?
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The post The DollarsAndSense Podcast Episode 5: Can You Really Trust Your Financial Adviser To Give You Good Advice? appeared first on bitcoin social trading.