Dec 5 2017, 03:00 PM
QUOTE(Martinkoo @ Dec 5 2017, 02:00 PM)
Hi,
Anyone can help to clarify and verify?
I have a very bad experience when dealing with the Insurance Customer Service today.
If you are the insurance policy owner, do you know and understand what you have signed?
Perhaps you need to check further with your insurance agents.
1) What is the difference between trustee vs nominee vs beneficiary?
Which keywords you saw in your insurance policy?
2) If you are the insurance policy owner, do you have the full authority to surrender, revoke, renominate, withdrawing cash value and etc, based on your own will?
YOU WILL BE VERY SURPRISE!!!!!!
Your trustee or nominee have to authorize you even you are OWNER OF THE POLICY.
It is very UNFAIR clause to policy owner in the insurance policy
Anyone have such experience??? or mind to share more? or be aware of it?
Yeap these are all amended under the FSA 2013. Anyone can help to clarify and verify?
I have a very bad experience when dealing with the Insurance Customer Service today.
If you are the insurance policy owner, do you know and understand what you have signed?
Perhaps you need to check further with your insurance agents.
1) What is the difference between trustee vs nominee vs beneficiary?
Which keywords you saw in your insurance policy?
2) If you are the insurance policy owner, do you have the full authority to surrender, revoke, renominate, withdrawing cash value and etc, based on your own will?
YOU WILL BE VERY SURPRISE!!!!!!
Your trustee or nominee have to authorize you even you are OWNER OF THE POLICY.
It is very UNFAIR clause to policy owner in the insurance policy
Anyone have such experience??? or mind to share more? or be aware of it?
If you want to skip all these problematic keywords, you may opt for Takaful policy.
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