As might be expected, the most
appropriate insurance product is not a link unit or other insurance that has a
value of investments. With unit link, customers get
lifetime protection, although of course, almost everyone does not need life
insurance protection throughout his life. On the unit link, the customer
must still pay the insurance premium even when the concerned do not need it at
all.
The second reason is the same
as the reason in my previous posts. Administrative costs and agent commission
on a link unit is too large. In the first years following
the link unit, practically wiped out customer funds to pay the agent
commission. In...
