life insurance simplified: Policy illustration
There is a document which many of you would have signed without applying much thought. It is called the policy illustration. For about 99% of the people who buy life insurance and about 100% of the people who sell life insurance this document makes no sense – it is a waste of paper.
Money mantra asked me about ‘policy illustration’ and sadly this is what I said:
http://www.moneymantra.co.in/detailsPage.php?id=223&title=Insurance
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Dear Subra,
I read the article from the link. At last, I can read an article which states the message very directly and clearly without any undercurrent or sarcarsm. This looked a clear and crisp well researched, thought provoking, eye opening, technically sound financial article. Helped a layman(obviously me) understand better. Would welcome more direct articles like this, and would welcome(so that I can understand better) if you can reduce indirect messages via your sarcastic tone.(Please convey those messages also directly). You seem to be a guru in finance,so it will help us if you just need cut down indirect sarcasm, so everyone can get your point.
I also appreciate you trying to keep your articles small, but it is ok to get long once in a while. By the way Iam reading your blog a lot these days.
Thanks,
Srinivasan M