This is a prevailing term that we hear a lot about on and off regarding unscrupulous agents asking you to sell your policy and buy another policy so that they can earn more commission for 1-2 years.
The best person to explain this is possibly Mr Tan Kin Lian.
If I may add a word, a lot of agents mask this saying that they have your best interest at heart and a careful evaluation shows that the policy that they recommend makes sense. Think carefully before making your final decision.
Better yet, ask them if they are churning (which is pretty much useless because they will say they aren’t but its just to make the know that you have an understanding what churning is about)
Hear his explanation @ Mr Tan Kin Lian’s blog >>
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- My Dividend Experience Investing in UCITS iShares iBond Maturing in 2028. - April 23, 2024
- We Invest into Popular Funds When They Are Popular, Exactly When They Started Turning to Shxt. - April 22, 2024
- Meal Prep 2.0 – Cooking Your “Go-to” Meal that You Look Forward to Eating Everyday. - April 21, 2024