Stay away from Insurance agent

The only job of insurance agent is to sell the financial products of the company for which he is working. After all insurance companies are not here to do charity they are here to do business. Term insurance is the only best product being sold by insurance companies.

Insurance agent will try to sell only those products in which he will get highest commission. Once I requested for insurance on a reputed insurance company website following day I got call from a agent. The first question he asked me was how much you can invest? Though my requirement was insurance, he never spoken about term insurance.

Why insurance agents are reluctant to sell term insurance is because they will not get much commission on it. Insurance agents are so experts, they will explain you a product in such a way that you will be convinced that you are buying a good product though you are buying a product in which insurance agent will get more commission.

Don't get fooled by below mentioned phrases of Insurance agent.

• Whole life plan is the best product for you.
• You will not get any returns in term insurance.
• ULIPs will double your money in 3 years.
• Pension plan is best for retirement planning.
• This child future plan will give u guaranteed return.
• This insurance cum investment plan is best in market.
• All of my clients have taken this money back plan.

So beware of such sweet words from insurance agents. Be alert before buying a product from insurance agent, do some homework on your own. Read reviews on net, ask financial experts on various financial forums. Take your own decision and don’t rely on insurance agent’s advice. There is no role of insurance agent in successful financial planning.