lunchtime,

I do not sell insurance.

<<"they deserve a RAW deal." >>

I REPEATEDLY tell / teach people to LOOK and STUDY carefully what they buy.  But, they CHOOSE to be LAZY. 

They could spend a lot of time and effort shopping for a car, house, and so on...

But, when they SPENT the equal or larger amount of money on insurance, they CHOOSE not to take the effort to SHOP around.

So, WHAT do you say about this kind of people??

"They deserve a RAW deal" is about the kindest words that I can say about them.

Dreamer

All your examples are a bunch of BS that are NOT RELEVANT in this case.

P.S.: Even auntie that sell vegetable know how to shop around for the best deal in term of vegetable to save a few cents.  So, WHY do people are CARELESS and LAZY not to shop around for a big ticket item like INSURANCE??

P.S.2: Are YOU telling me that you do not know how to shop?? Buying insurance is THE SAME as shopping for anything else.

now dreamer, how would you expect an aunty to do research when all the agents she meets recommend her similiar policies aka endowment / investment linked plans rather than other alternatives?

i give you an example, an friend of mine who is massively rich was looking for a protection policy approached agent A, A quoted my friend a 10 years endowment policy, premium was around $150k per annum. That's $1.5m.
He spoke to his wife about this, and his wife asked her friend who is an insurance agent B for advice. Guess what insurance agent B did. 

Insurance agent B told them the proposal by A is rubbish and proposed another plan which turns out to be a 8 years endowment with the premium of $150k per year as well fully aware of the fact my friend is looking for a protection policy.

my friend asked for apple and instead was advise orange by agents. Who's to blame? Agents or clients?

tips: for those who does not know or not sure on when to move to equities, switch to bonds can have a look at strategic funds like Lion Progressive Funds in which the fund manager will decide on when to focus more on equities/bonds.
Btw, If you ever need to switch investment link insurance funds(let say from a risky fund to another defensive fund), you only need to fill in form, no fees and charges are required, unlike unit trust.