Critical for insurance to be more transparent

Those using insurance for retirement planning need to know the future worth of their policies. But this is not always clear

It is not uncommon for people to take out life policies to insure themselves for hundreds of thousands or even millions of dollars.
It is not uncommon for people to take out life policies to insure themselves for hundreds of thousands or even millions of dollars.ST PHOTO: LIM YAOHUI

Many of us shove our insurance policies into the drawer and give them no further thought, yet they are probably the second-most valuable "asset" families have after their homes.

After all, it is not uncommon for people to take out life policies to insure themselves for hundreds of thousands or even millions of dollars.

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