Elderly woman in dispute with bank over $100k in losses for terminating insurance policy early

[SOF67]

https://www.straitstimes.com/busine...losses-for-terminating-insurance-policy-early​

 

[covertbriar]

premium article can't read.....

 

[laksaboy]

Insurance is not too different from the casino gambling industry.

The odds of the game are based on your health, life expectancy and various other risks and circumstances.

In the end, the house always wins. How do you think those insurance merchants got so rich, and frequently go to their galas and getaway vacations?

 

[sweetiepie]

KNN for 100k kind of losses for early termination the monthly premium paid must be verlee high and coverage must be in few mils kind KNN she should be thankful she (or her beneficiarlee didn't need to claim the payouts KNN

 

[syed putra]

Heads insurers wins, tsils, insurers wins.
The fact is, for the first two years, most of your invested money goes to agent commission.
And sfter that, the percentage to agents decreases till maturity