Totally understand where you are coming from, you want to ensure you get the best product. In fact, one of the main concerns I voiced out to my mentors when I first joined was I didn’t want to sell a product from AIA if I know there is a similar product sold by another insurer that is cheaper and better.
However, what I came to realize and understand is that most insurance products are very similar. And if you really insist on comparing products, most of the equivalent products sold will be almost the same. The premium and pricing for the same amount of benefit is very similar. If a product is not as good as the others, it will already have been phased out. If one company has a the best product, others will try to copy it.
And the big insurance companies are always trying to one-up one another, to make their products more competitive.
My product can be the cheapest today, the next day another company can come up with a cheaper one. The premium for my company may be cheaper for now, but 10 years later it may be more expensive.
So it's always more important to choose your advisor that you can choose rather than the product. products and premiums are constantly changing
Totally understand where you are coming from, you want to ensure you get the best product. In fact, one of the main concerns I voiced out to my mentors when I first joined was I didn’t want to sell a product from AIA if I know there is a similar product sold by another insurer that is cheaper and better.
However, what I came to realize and understand is that most insurance products are very similar. And if you really insist on comparing products, most of the equivalent products sold will be almost the same. The premium and pricing for the same amount of benefit is very similar. If a product is not as good as the others, it will already have been phased out. If one company has a the best product, others will try to copy it.
And the big insurance companies are always trying to one-up one another, to make their products more competitive.
My product can be the cheapest today, the next day another company can come up with a cheaper one. The premium for my company may be cheaper for now, but 10 years later it may be more expensive.
So it's always more important to choose your advisor that you can choose rather than the product. products and premiums are constantly changing