Sunday, July 27, 2008

High cost of advertising

I met a friend at a function. He told me that he had all his policies with Income previously. Recently, he decided to buy a life annuity from Great Eastern. He did not like what was happening in Income recently, with the high cost of advertising and the change in bonus structure.

I told him that Great Eastern may not offer a better deal, compared to Income. But, he was quite sure about his decision.