Expat Financial Advice: Life Insurance Savings Schemes—Not Always What They Seem
Submitted by Creveling & Creveling Private Wealth Advisory on February 23rd, 2017By Chad Creveling, CFA, & Peggy Creveling, CFA
If you have lived in Asia for a while, chances are good that either you or someone you know has been offered the chance to purchase a life insurance savings scheme. Sold by independent financial advisors, armies of commissioned insurance agents, bank branches, and other financial institutions, insurance-linked savings and investment schemes seem like the Herbalife of finance. Many local insurance products are heavily marketed by “agents” of varying degrees of training and professionalism who, attracted by limited employment qualifications and lucrative commissions, pitch their friends and acquaintances in ways that mirror multilevel marketing schemes.
