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Insurance: don't we all need it?
Insurance, it seems like a taboo thing in Singapore. People shun the moment they hear insurance. I am not even talking about their death. I don't understand why. It is such a need in their life yet they shun away from us who could educate them about financial planning! Yes, Some people buy insurance and they buy for the sake of buying. I do not think they know what they are buying because 1) they lack the knowledge, 2) they cannot be bothered to find out what they are buying, 3) they think financial consultants will help them settle everything and when things got difficult, just blame them. Taken From Google Images I feel that instead of approaching people and educating them, they should walk in and come to us for our expertise? I feel that all financial planners are competent enough to educate and advise the average Singaporean without any financial planning knowledge! Some of them have bad experience due to the recession financial meltdown. However, understanding what caused the problem is of utmost impo
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