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.
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.
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.
Let us know what you think! You can reach us with your questions, feedback or an opinion to add on the subject at [email protected]
Past DollarsAndSense Podcast Episodes
Subscribe To The DollarsAndSense Podcast
In order for you to not miss an episode, be sure you subscribe to our podcast feed:
To subscribe, simply copy the above URL and add it to your favourite podcast app.
Click on “File” in the top left menu, then select “Subscribe to Podcast” from the dropdown menu and paste the feed URL.
iOS Podcasts App
Tap the “My Podcasts” button on the bottom row of icons. Then hit the + button in the top left corner, and select “Add Podcast” from the pop up. Then you paste the feed URL and hit “Subscribe”.
Simply paste the feed URL into the search field and hit Enter.
Have a specific insurance question that you wish to ask? DollarsAndSense is teaming up with fundMyLife to help get your insurance questions answered – for free. You can get personalised answers from a pool of handpicked, professional advisors. You can find out more about advisors on fundMyLife.