Insurance is subject to the advisor making hordes of money

Yes, it's true insurance is not subject to market risks but is subject to the advisor making 40% on your account.

Why should we allow this to happen? I mean , the advisor completely forgets me as soon as I write the check to him/ her and for as long as I continue to renew- he continues to make money on my hard earned money!!

Quite unfair ... No very unfair.

This is why I like the company which gives me back the money they give to advisors .. As long as I renew..

Simple isn't it.. And it hardly take like 5 mins to join and no fees to pay.

Come join me

Simplefinancialsense

Insurance and EET

With a potential change in the direct tax code from the forthcoming budget, everyone should understand the impact on the change of the taxable status of investments.
There will be a change in the status of investments from the EEE tax rule to EET.

What this means today - as an example ppf or insurance is tax free at every stage, at investment, returns and at maturity. However going forward, the plan is to make the entire returns taxable.

One point in this is that the eet will be applicable to those investments which have occurred post the implementation of the DTC.

So go ahead- make the insurance investment now.. Its your last chance in the EEE framework

Smart investing