Monday, September 27, 2010

Rebuild the trust in life insurance companies

Dear Mr. Tan,
Are you afraid about offending the insurance companies and their agents by talking about life insurance policies that take away too much of the savings? I know that certain people are monitoring your blog.

REPLY
I intend that the messages in my blog go to the top managers and agents of the life insurance companies. I hope that they will be educated about the fine line between making an honest profit and cheating their policyholders. If they know the difference, perhaps they will introduce new insurance plans that give a better deal to their policyholders, rather than surreptitiously take away too much. It is important that life insurance companies uphold the image that they can be trusted to take care of their policyholders.