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Posts in category: Insurance

screwed

TFSA’s – a response!

February 28, 2015
by Gregg Sneddon FeaturedFinancial EducationFinancial Planning

I wrote the piece below towards the end of Feb just after the regulation around TFSA's was announced* and at the time that OM (life) announced the launch of their offering. I took the information directly from their website and then got contacted by

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tears

It will only end in tears…

December 4, 2013
by Gregg Sneddon EquitiesFeaturedFinancial Education

Predicting stock market corrections is a little like playing the lotto – if you do it often enough you are bound to get it right eventually. Problem is that by then you would have spent so much time trying that no one would be listening anymore. So I

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10382575-not-good-enough (1)

Not good enough!

September 18, 2013
by Gregg Sneddon FeaturedFinancial EducationFinancial Planning

Came across another case of what I think is one of the worst examples of “bad practice” in our industry…a retirement annuity through a life insurance company with a term beyond age 55 and with a 20% escalation on the premium. While I accept that the

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terms and conditions

*T’s & C’s apply

September 13, 2013
by Gregg Sneddon FeaturedFinancial EducationFinancial Planning

Some years back the government and National Treasury made an impassioned plea to the life insurance industry to clean up its act. As far as they were concerned there were too many bad products with too many confiscatory penalties and high costs where

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bazaar

Outsurance part 2 – just ask for a better premium

July 15, 2013
by Gregg Sneddon FeaturedFinancial EducationFinancial Planning

A short while ago I wrote a piece about Outsurance’s latest campaign which offers all your premiums back after 15 years if you don’t claim. Following on from the piece I was interviewed on the Money Show on 567/702 about why I thought the campaign wa

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outrageous

Outrageous offer from Outsurance

June 19, 2013
by Gregg Sneddon FeaturedFinancial EducationFinancial Planning

Last week I wrote a post about the Outsurance Life 15 year premiums back offer...as a result of the post I was interviewed on 576/702 The Money Show by Bruce Whitfield (Thurs 20 June - podcast here http://t.co/fPMCokr5eH ) Immediately after that,

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RA rip of

Outrageous!

January 28, 2013
by Gregg Sneddon FeaturedFinancial EducationFinancial Planning

We are about to enter into “RA season”…before you purchase an RA consider the following: A man walks into the client services centre of an insurance company and tells the consultant that he would like to move his RA to another company. The consult

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