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GE Penalizes Agents for Own Greed

makapaaa

Alfrescian (Inf)
Asset
<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Aug 3, 2009
</TR><!-- headline one : start --><TR>GE agents return commission <!--10 min-->
</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Lorna Tan
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The GreatLink Choice (GLC) policies are investments the insurer decided last Friday to buy back at full cost. -- PHOTO: BT
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<!-- START OF : div id="storytext"-->ABOUT 1,000 Great Eastern Life agents have been asked to return up to $12.6 million in commissions received from policies they sold up to four years ago.
The GreatLink Choice (GLC) policies are investments the insurer decided last Friday to buy back at full cost.
About 18,000 policyholders invested a total of $594 million in the policies, buying from the insurer's network of agents.
Read the full story in Tuesday's edition of The Straits Times.
 
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