A parent bought a Family3 policy for a child. He was attracted to the limited 10 year payment and the series of cash bonus and survival benefits, but was not aware about the cost of the insurance. Here is an analysis of the policy and the alternative of investing the same sum of money in a low cost investment fund.
Go to www.tankinlian.com/latest.aspx (search for Family3).
Friday, September 3, 2010
What is Talent?
Read this article.
My view
The word "talent" was invented to provide excuse for excessive greed and predatory practices of people earning obscene incomes, e.g. the talented people who created the derivative products and swaps or professionals who charge excessive fees. It was also used to fool the local people to accept foreigners to work in Singapore on favorable terms, while the locals have to bear the burden of national service.
My view
The word "talent" was invented to provide excuse for excessive greed and predatory practices of people earning obscene incomes, e.g. the talented people who created the derivative products and swaps or professionals who charge excessive fees. It was also used to fool the local people to accept foreigners to work in Singapore on favorable terms, while the locals have to bear the burden of national service.
Insurance CEO quits
Read this report
My view
It is important for the top leadership of a life insurance company to be stable, so that their policyholders can some measure of certainty on their long term savings. If the top leaders can "jump ship" or make changes to established practices, the uncertainty will be bad for the policyholders. To avoid this uncertainty, consumers should take control of their long term savings, by investing in a transparent, flexible fund. They should avoid locking their savings in a insurance policy that has a high penalty on withdrawal.
Read my book, Practical Guide on Financial planning.
My view
It is important for the top leadership of a life insurance company to be stable, so that their policyholders can some measure of certainty on their long term savings. If the top leaders can "jump ship" or make changes to established practices, the uncertainty will be bad for the policyholders. To avoid this uncertainty, consumers should take control of their long term savings, by investing in a transparent, flexible fund. They should avoid locking their savings in a insurance policy that has a high penalty on withdrawal.
Read my book, Practical Guide on Financial planning.
Legal Data Protection Software | Data Protection Software is Critical for your business | Legal Document Software
Data protection software is a computer program that allows the head of a company or a department to mark files so that only certain employees can read or edit them and also generates a record of how company computers have been used by employees (i.e. browser history, computer turn on/turn off, and instant messages.) File protection software will also record how many times employees with clearance access certain files and can also prevent files from being deleted or altered. It will also back up files before they are modified, deleted, or removed to another form of storage like a compact disk.
Medical Transcription Companies | US Based Medical Transcription Companies Offer Great Work At Home Opportunities | Transcription Software
U.S. Based Medical Transcription Companies
U.S. based medical transcription companies are probably the largest employers of independent medical transcribers. In fact, many of them employ 300+ transcribers and text editors. U.S. based medical transcription companies are also available to doctors 24 hours a day and generally offer a 6 hour, 12 hour, or 24 hour turn-around service. This means that medical transcribers are needed around the clock, depending on the amount of rush jobs that need to be completed.
Wage inequality
Robert Reich said that to fix the economy, we have to end wage inequality. I agree with his views. If the wage disparity is wide, those at the lower income levels do not have enough money to spend. There is no need to produce the goods. The economy must reduce in size.
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