Insurance and investment mixed DON’T

Insurance and investment mixed? DON’T! Since the 1990s, insurance products called unit links have experienced a boom and sold well. Many members of the public have purchased this product, which is considered compact and simple, hassle-free. Buy 1 product that contains 2 elements: protection and investment. Like coffee sachets plus sugar, and just brew and enjoy. Easy right? All life insurance companies are competing to sell this mixed product, some even no longer sell true insurance products, namely term life insurance or what is called term life. Why are insurance companies keen to sell unit links? Nothing other than because it is very profitable. As a true insurance practitioner and financial planner, we really understand insurance products to protect against uncertainty due to risk. While investment products have risks. So when mixed, it is actually like mixing oil and water. Not to mention the wrong marketing methods or often called mis-selling carried out by insurance marketers who ar