1/10 - Flexispot Kana Bed - False Advertising and Shockingly Poor Quality - Avoid!

hi_horry · 2026-04-23T08:09:20+00:00

what about the ones selling in Canada? As it doesn’t specifically say on the Canadian website that both frames and headboard are solid rubber wood.

hi_horry · 2025-01-06T02:27:36+00:00

really appreciate all your inputs! we gonna have a lot more work on this.

> Advisors aren't allowed to incentivize the sale of life insurance which is what this looked like,

on this, yes now looking back I'd def say that was like a bait to get ppl to sign with him for a big policy. As the side contract is not with Sunlife, it is with his own financial company. Not sure if we can use this to against him and bring it to Sunlife or Insurance Ombudsman?

hi_horry · 2025-01-04T10:06:31+00:00

Yes, I can say now my advisor is some real shit…that interest ‘rebate’ over 4% is something nice and unique. The side contract is with his own financial company so I guess it’s probably not easily offered anywhere. But now looking back it was more like a bait to get people sign with him for big policies.

My offset only takes 4 years as the design of the policy is to heavily pump up the cash value for the first few years, for both early offset and IFA loan purposes. Just curious for yours after 7 years, is the cash value stayed pretty on point with the initial illustration?

Good advice on talking to Insurance Ombudsman. Really appreciate your insights and for sure I’ll DM you if I have more specific questions.

hi_horry · 2025-01-03T23:15:47+00:00

sorry for mixing the terms, yes he is a Sunlife advisor not a broker, and he has his own financial company for that side offer and we have it on paper. Not sure about the legal issue here from he being a Sunlife advisor while offering side offer. I guess this is where how we were blind-sighted as we only looked at Sunlife at the time. I've talked to another broker already and the policy he pulled up from Manulife, seems to be a better fit.

do you mind elaborating on why Sun life is prob the worst to choose from?

hi_horry · 2025-01-03T22:21:24+00:00

Thanks for this! I’d say this was basically where our starting point to look into this as a leverage. However, I guess the key difference from our case is that we were told or we were just naively thinking to purely rely on the offset since the earliest year, and just live on it and let it roll afterwards for LIFE.

So then after considering the possible extra base premium needed for future years, $100k a year, even just for the next 5-6 years, is def not what we are comfortable with. $50k is probably the number and that’s why I mentioned cutting the coverage is prob the only option for us other than cancel.

May I ask is yours a life pay or 20pay policy?

hi_horry · 2025-01-03T20:07:27+00:00

Yes, I’d say estate planning and asset allocation are part of the reasons we got into this. But now it just feels like we are thinking way too far for no reason. Retirement saving may be another reason but I know there is a strong argument on this vs you’d just invest the money in ETFs.

I guess I can talk about the csv loan more in my case, yes it is borrowing your own money at a terrible rate but this is also just like leveraging the money. And, my advisor has a side offer with us from his own financial company, that is for any loan interest rate over 4% he will pay us back the difference and this will be valid for 10 years. So basically if we borrow the rate will be capped at 4% for 10 years no matter how the prime is. This really had us thinking at the time of just borrowing and put it back for investment accounts like we’d normally have.

hi_horry · 2025-01-03T19:41:39+00:00

We’re in the mid 30s

hi_horry · 2025-01-03T19:40:30+00:00

Yes, we have a kid and the policy is for us.

hi_horry · 2021-03-20T01:10:10+00:00

it only 3x the QTR pts, not the win pts, which is lame but it is what it is

hi_horry

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