Think Insurance is a safe bet for your future? Think again…

The Fed loan 85 billion USD to AIG in a 2 year period to prevent its bankruptcy, in exchange for 79.9% of its company shares. In Singapore, hundreds of people lined up at AIA which is divison of AIG, to cancel their policy and demanding their refund. Even though AIA has stated clearly it has the capital to compensate any claims. Through this event of AIG gives me even more concrete decision to bulid up my financial knowledge because in this era whereby even some the largest insurance giants were now in such a crisis, what makes you think that your invesment is safe if you do know have the basic financial education invest in the right bank or insurance company?