Tuesday, July 27, 2010

Contempt of court

What is contempt of court? Read this article.

My view
I have always thought that contempt of court is to disobey a judge's instruction in court. It seems now to have been extended outside of the court room.
To be sure that I was not wrong, I checked for the definition in Google. I found this article in Wikipedia, which confirmed my understanding. Are we practicing law differently from what is generally understood in the developed world?

Life insurance for a new job entrant

Dear Mr. Tan
I need some advice. Can you tell me the difference between a critical illness policy, a life policy and an investment-linked policy? Which do you recommend? I am in my mid 20s and just started work.

REPLY
Please refer to the FAQs in my website, www.tankinlian.com. Click on Ask Mr. Tan to see a list of FAQs. Select those that are relevant to you. You can view the FAQ by clicking on "View". You can download the PDF document into your computer for offline reading or to be printed out. You can also search the FAQs using a keyword such as "life insurance", "critical illness" or "young".  I will be writing a separate FAQ to explain the investment-linked policy.

Before you buy any life insurance policy, be sure to read the FAQ on "benefit illustration". It tells you about the important points to look for in a policy. Also, look at the FAQ on "marketed financial product".

Buy on my book Practical Guide on Financial Planning (on promotion for $10 up to 31 July) or join FISCA.

Marketed Financial Product [2]

When someone approaches you to market a financial product to you, you have to be extra careful. It is likely that the financial product will be a bad deal for you. You should be careful, even if the marketing person is your friend.

Many people have lost large sums of money after they have bought bad financial product. The marketing person may not even be aware about the bad nature of the product. In their eagerness to close the sale and earn the commission, the marketing person may mis-present the product to you, either deliberately or through ignorance or negligence.

Read the article under this title under the "Ask Mr. Tan" tab in www.tankinlian.com.

Tan Kin Lian