I read this post on a person being conned into take up a regular premium investment-linked plan when she actually wanted a single premium plan.
Thinking it was a $60k lump sum investment, the person was shocked when she was asked to pay premiums of $60k the next year.
If the facts are correct, the agent involved should be charged in the criminal court for a blatant case of cheating.
This will send a strong deterrent to other unscrupulous agents who are doing the same thing. Otherwise, people will continue to cheat and then just leave the industry after they have made their millions.
Nevertheless, as a consumer you should always read what you are signing. If you put your trust in a person who is dishonest, one day you might be caught in a similar situation.
Ultimately, the terms of the policies would have been on the benefit illustration that you are signing. Signing it weakens your cases as it is always a situation of “your word against his word”. If unclear on the terms, bring someone along who can help explain them to you.