Oct 29 2020, 10:51 AM
QUOTE(Red_rustyjelly @ Oct 29 2020, 10:32 AM)
dont know why u got scammed.
u probably bought the wrong product. don't generalize all insurance are scam.
i bought an insurance policy 17 years ago. breakeven at 15 years. now i dont have to pay for anything, using the dividend to cover it.
if i surrender, i can get back more than what i paid.
Yours likely an old plan which is a participanting plan which shares profit from insurance company every year u probably bought the wrong product. don't generalize all insurance are scam.
i bought an insurance policy 17 years ago. breakeven at 15 years. now i dont have to pay for anything, using the dividend to cover it.
if i surrender, i can get back more than what i paid.
Nowadays all ILP in the market is non participating plan which don't share profit from insurance company every year and yet have to pay management fee to them every year which is much much more profitable to them compared to traditional plan like yours which has been discontinued from market
This post has been edited by bryon: Oct 29 2020, 10:52 AM
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