Is there a need for second opinion?
In life, many of us encounter this question in our mind. We will always tell ourselves that it is better to have a second opinion before doing something. Be it purchasing a car, buying a property, shopping or even what clothes to wear for dating, people will definitely seek for second opinion as they want to confirm their decision is correct. But i find one interesting finding is that people does not like to have a second opinion on their personal financial planning.
What i mean is that most of us prefer to have only one consultant handling all the insurance portfolios and in my opinion i think it is perfectly fine. However the problem comes in when the consultants did not really explain clearly on the type of policies they sold and reasons they recommended. So as a result, there are many clients who ended up buying many duplicated policies or rather useless policies that they are not well-covered for. Personally i have encountered a few of my clients who have many policies and paid few thousands per annum for it but only to find out that they ended up with little coverage and have many ‘loop’ holes in their financial planning. Therefore i believed that a second opinion on the type of insurance portfolio you are having is necessary and always remember it is not a MUST to buy a plan from the new consultant that do a review for you. Please only buy when there is a need and not because to repay the services of the consultant.
Therefore all along during my 4 years in this industry, although i am not the most knowledgeable consultant but i am very confident to say that i care alot for my client’s interest. Many times i had done a couple of reviews for them and recommended them plans that i don’t earn that much and it is better for their interest. There are those who appreciated my planning while they are people who don’t. However i felt that most importantly is that i can sleep well at night without worrying that my client will scold me for being irresponsible in my job.
I need to say that passion and interest in meeting people and helping them must be one of the priorities of a financial consultant. It will determine how long the person will be staying in this industry and whether his clients will refer other people to him. So far, i am quite blessed. I have many good clients who have been keeping a lookout for me and been referring people to me. With these good people in mind, it really keeps me going in my career and making sure that i will continue to do a good job for them and making sure their needs are well-taken care!
Related posts:
Loading ...
Leave a Reply
You must be logged in to post a comment.