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Insurance Talk V6!, Everything about Insurance
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viktorherald
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 Jul 9 2020, 03:35 PM
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Getting Started
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Hello sifu, wanna ask something on surrendering policy
Currently im having a policy with Agent A, and B, and both policy has coverage on hospitalizaiton (Agent A is the better one)
After notice this, i contact Agent B and wish to surrender my policy (i call it policy B) under her.
However, she noted me that by surrendering the policy B, since i have "shared category of coverage" with policy A, it will affect Agent A performance also.
Is this true?
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viktorherald
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Jul 9 2020, 03:42 PM
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Getting Started
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QUOTE(lifebalance @ Jul 9 2020, 03:40 PM) Thats my understanding as well, as it is very doesn't make sense lol.. like didnt do nothing then suddenly kena for Agent A |
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viktorherald
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Jul 9 2020, 04:05 PM
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Getting Started
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QUOTE(lifebalance @ Jul 9 2020, 03:50 PM) Aiyah agent B just want you to stay so can continue earn commission. But don't have to give such ridiculous excuse le But she did offer to convert my hospitality coverage to another coverage (more comprehensive critical illness coverage) to not overlap, so have to assess that as well however my feeling, serving 2 (or multiple) policy seems not financially wise. is there any practical consideration on doing so? |
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viktorherald
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Jul 9 2020, 04:30 PM
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Getting Started
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QUOTE(lifebalance @ Jul 9 2020, 04:09 PM) Basically the agent is removing the hospitalization rider and buying into the critical illness rider instead. Which is not a bad idea however some plans offer cheaper or more comprehensive critical illness coverage, so not sure where your plan is from. Again, buying insurance is subject to your personal risk assessment and should not pose financial burden for you to cover that risk. Perhaps it's better to get your personal finances properly reviewed and see whether it's better to keep 2 policies or to let go instead ? Noted sifu, thank you  |
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