The agent offer investments
The customer ask that the insurance portion is small and the rest are investments.
The agent says that all money are invested.
The customer read the contract and found nothing suspicious. Because the benefit of insurance is small, he doesn't check the "insurance" part of the contract.
Turns out all the money invested is gone mainly to pay the sales agent.
The agent justifies that all money are invested because unit link is "long term investments".
Do we have cases like this in US? In Indonesia most insurance companies are selling things like this.
I wonder if there is any legitimate american/singaporean insurance company I can promote in Indonesia.
The customer ask that the insurance portion is small and the rest are investments.
The agent says that all money are invested.
The customer read the contract and found nothing suspicious. Because the benefit of insurance is small, he doesn't check the "insurance" part of the contract.
Turns out all the money invested is gone mainly to pay the sales agent.
The agent justifies that all money are invested because unit link is "long term investments".
Do we have cases like this in US? In Indonesia most insurance companies are selling things like this.
I wonder if there is any legitimate american/singaporean insurance company I can promote in Indonesia.