Advising a retiree (in 2 years) to buy an insurance policy of $l5.6M?

I've read in today's HKET (page 20 of Money daily   ) a column

advising a lady of 48 yrs how to plan for retirement 2 yrs. later.

Assuming that this is not a bogus example, this lady is said to

have a net asset of HK$10.40 M and her retirement plan is

modest: to maintain a cost of living of HK$20,000 per month.

And this "qualified CFP" got the guts to advise her, (i) to buy

an insurance policy of HK$15.60 M requiring an "one-off"

premium of HK$2.10 M ("woww..", just imagine the commission

this CFP well deserves if she listens to his advice) and (ii) to buy

various asset allocation funds recommended by the fund managers.

Some of you may think that this sort of column does not worth

reading or commenting.  It is most likely a created scenario of the

columnist.  However, I do know quite a no. of people planning for

their retirement or already retired, who all know very little about

finance planning or investment.  I wish that they could start reading

more on this subject, such as the one DIY book listed out below:

<a href="http://www.anobii.com/books/01d6c32d1b9e2bcbb8/" title="更多關於Investing with Exchange-Traded Funds Made Easy"><img src="http://image.anobii.com/anobi/image_book.php?type=4&item_id=01d6c32d1b9e2bcbb8&time=0" title="更多關於Investing with Exchange-Traded Funds Made Easy" alt="Investing with Exchange-Traded Funds Made Easy的圖像" style="padding: 5px;" /></a>