Sunday, October 10, 2010
Globalization - benefits and harms
Many people think that globalization has benefited the world. They overlooked the harm and negative impact brought about my globalization. My view is that it has caused more harm than good. There is also an alternative to globalization for the inflow of capital and jobs. My views are in this article.
Fake insurance policy
Read this story.
If you are investing a large sum of money, do not hand it to an insurance agent. Make the payment directly to the insurance company. The policy may be fake.
If you are investing a large sum of money, do not hand it to an insurance agent. Make the payment directly to the insurance company. The policy may be fake.
Benefit illustration
There are two formats for the benefit illustration given to the buyer of a life insurance policy:
- participating policy
- invsetment-linked policy
Both are difficult for the buyer to understand. They contain several hundred figures. The most important figures are hidden among these many figures and are usually not explained by the insurance agent.
To know what figures to look for and where to find the figures, read the FAQs in my website, www.tankinlian.com/ask.aspx. Search for "benefit illustration" and look for the FAQs that explain the format of the benefit illustration that you are given.
Rejected claim under Private Shield Plan
Read the case study of a retiree who was badly advised by the insurance agent to upgrade to a Private Shield plan. He went for treatment and chose a private ward, thinking that the Shield plan would cover the higher cost. After incurring $7,000 in medical bills, the claim was rejected as the insurance company said that he did not declare his diabetic condition. He was not aware that he was suffering from diabetes, and his doctor did not advised him to take medication.
If he had gone to B2, the bill for the survey (not connected to diabetes) would have been much lower and would be covered by basic Medishield.
Read the case study in www.tankinlian.com/ask.aspx (search for "rejected claim")
Advice: Do not upgrade to Private Shield when you are old. There will be medical conditions that you are not aware of, which will cause the claim to be rejected for non-disclosure.
Read my FAQ on "Medishield and Private Shield" to find out the difference in medical bills, government subsidy, coverage under the Shield plan and the co-payment that has to be paid by you..
If he had gone to B2, the bill for the survey (not connected to diabetes) would have been much lower and would be covered by basic Medishield.
Read the case study in www.tankinlian.com/ask.aspx (search for "rejected claim")
Advice: Do not upgrade to Private Shield when you are old. There will be medical conditions that you are not aware of, which will cause the claim to be rejected for non-disclosure.
Read my FAQ on "Medishield and Private Shield" to find out the difference in medical bills, government subsidy, coverage under the Shield plan and the co-payment that has to be paid by you..
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