PRUDENTIAL SAVINGS SAGA

[Lewis.T]

This one is not what you called "errant" agent, it's already borderline criminal, i.e. cheating. The problem is if these agents don't get jailed, it sets a bad example for the industry

errant
ˈɛr(ə)nt/Submit
adjective
1.
formalhumorous
erring or straying from the accepted course or standards.
"an errant husband coming back from a night on the tiles"
synonyms: offending, guilty, culpable, misbehaving, delinquent, lawless, lawbreaking, criminal, transgressing, aberrant, deviant, erring, sinning; More

???

 

[akwl88]

Ok la, I see no point in continuing our discussion, I already predicted this response of yours in my previous post where you only want to look at guaranteed.

If you want to set your parameters for comparison at 10 year projecting into the future and only looking at guaranteed returns then SSB wins. It fits your argument ma.

What if the parameters are different? As in most cases?

You refuse to look at the overall picture even though evidence suggests that endowments maturing recently have mostly outperformed the SSB, or the fact that most people have a longer than 10 year period to invest.

Gives me the feeling I'm arguing with someone with some mental handicap, I'm sorry. I'll take my leave from discussions with you now, until you make an intelligent post worthy of future discussion.

Nobody use ssb for investment

I am comparing ssb vs endowment for savings returns in a short period of time

Looks like you believe endowment is a good investment vehicle and that past returns can guaranteed future results.

Ssb returns, now and future are presented on the website. Transparency 100%

Agent cant use logic and sic BI plans with real figures, then call pple mental handicap...

I present to you all, Lewis the prudential agent!

Lol

 

[Lewis.T]

Ok la, I see no point in continuing our discussion, I already predicted this response of yours in my previous post where you only want to look at guaranteed.

If you want to set your parameters for comparison at 10 year projecting into the future and only looking at guaranteed returns then SSB wins. It fits your argument ma.

What if the parameters are different? As in most cases?

You refuse to look at the overall picture even though evidence suggests that endowments maturing recently have mostly outperformed the SSB, or the fact that most people have a longer than 10 year period to invest.

Gives me the feeling I'm arguing with someone with some mental handicap, I'm sorry. I'll take my leave from discussions with you now, until you make an intelligent post worthy of future discussion.

Bold important part for you liao kor kor

Edit: To reemphasize, I'm not saying SSB is bad. I'm saying SSB is bad with a long term horizon, for instance in this case 23 years.

SSB works well when the time horizon is 10 years and the person is ultra conservative.

Chiu want to take the argument and fix it at 10 years and only see the guaranteed portion then you win lo. What about the 99% other scenarios where duration isn't 10 years? Or when realistically we can factor in some kind of projected returns?

 

[akwl88]

Bold important part for you liao kor kor

Edit: To reemphasize, I'm not saying SSB is bad. I'm saying SSB is bad with a long term horizon, for instance in this case 23 years.

SSB works well when the time horizon is 10 years and the person is ultra conservative.

Chiu want to take the argument and fix it at 10 years and only see the guaranteed portion then you win lo. What about the 99% other scenarios where duration isn't 10 years? Or when realistically we can factor in some kind of projected returns?

I alr said use ssb for savings

Chiu want to use endowments for investment, we can bring in equities to compare

For savings purposes, ssb wins endowments hands down

I alr ask u to sic a current 10 yr endowment policies and compare the guaranteed returns but u refuse to

Unless ur endowment plans can guranteed 3% and above

 

[Lewis.T]

I alr said use ssb for savings

Chiu want to use endowments for investment, we can bring in equities to compare

For savings purposes, ssb wins endowments hands down

I alr ask u to sic a current 10 yr endowment policies and compare the guaranteed returns but u refuse to

Unless ur endowment plans can guranteed 3% and above

Basically you want to compare only the benefits that the SSB can give over an endowment.

It's the same as me saying endowment is better because if tomorrow you die you get a bigger payout than SSB.

That doesn't make for a good argument. Please go back internalize this and come back to me with a better argument.

Tl;dr, look at the whole picture, not the individual benefit.

Btw your SSB got 3% guaranteed? Sic please

 

[Lewis.T]

Actually now that I think about it a little, I'll throw this argument at you.

Why buy SSB when you can consider your SA account? 4% guaranteed leh + 1% on first 40k. Your SSB have?

This is what happens when you don't see the full picture.

Not sure if you get my point. Probably not because you like to argue for the sake of getting the last word in only.

 

[akwl88]

Basically you want to compare only the benefits that the SSB can give over an endowment.

It's the same as me saying endowment is better because if tomorrow you die you get a bigger payout than SSB.

That doesn't make for a good argument. Please go back internalize this and come back to me with a better argument.

Tl;dr, look at the whole picture, not the individual benefit.

Btw your SSB got 3% guaranteed? Sic please

I am comparing returns now u want bring in protection??

3% guaranteed to beat ssb's return

Wah lao u really cmi

Vomit blood talk to u lol

 

[akwl88]

Actually now that I think about it a little, I'll throw this argument at you.

Why buy SSB when you can consider your SA account? 4% guaranteed leh + 1% on first 40k. Your SSB have?

This is what happens when you don't see the full picture.

Not sure if you get my point. Probably not because you like to argue for the sake of getting the last word in only.

Ssb has liquidity features

Cpf is also good for the risk free returns

 

[koja6049]

errant
ˈɛr(ə)nt/Submit
adjective
1.
formalhumorous
erring or straying from the accepted course or standards.
"an errant husband coming back from a night on the tiles"
synonyms: offending, guilty, culpable, misbehaving, delinquent, lawless, lawbreaking, criminal, transgressing, aberrant, deviant, erring, sinning; More

???

??? you don't understand that meaning and synonyms are different??

 

[koja6049]

I think we should call for a jail term for the prudential agent who came up with this letter, let's say 3 or 5 years, like the term Kong Hee and company would get

 

[Lewis.T]

I am comparing returns now u want bring in protection??

3% guaranteed to beat ssb's return

Wah lao u really cmi

Vomit blood talk to u lol

Kay lah kay lah, SSB wins any day over endowment for you, because you casually shrug off half of what an endowment does for you which is to give you a smaller return on the par fund investment returns.

Seems like you really can't see the whole picture that it is not wise to look only at the guaranteed of the plan. Might as well chop off half of the B.I since you don't see the non-guaranteed part as a reasonable thing to take into consideration.

Sorry for taking up your time and trying to explain to you that you are committing a fallacy.

Using SSB to suit your argument when talking about guaranteed returns and using ETF to suit your argument when talking about returns above what a normal endowment will give you. Win liao lor *insert Mark Lee picture*

 

[blueG77]

So end of the day is this letter from Prudential or agent ownself printout?

If it's an official letter, shouldn't all policyholder who bought this same policy in that period receive letter with this same template?

If agent ownself print out then need to investigate agent liao lol

 

[akwl88]

Kay lah kay lah, SSB wins any day over endowment for you, because you casually shrug off half of what an endowment does for you which is to give you a smaller return on the par fund investment returns.

Seems like you really can't see the whole picture that it is not wise to look only at the guaranteed of the plan. Might as well chop off half of the B.I since you don't see the non-guaranteed part as a reasonable thing to take into consideration.

Sorry for taking up your time and trying to explain to you that you are committing a fallacy.

Using SSB to suit your argument when talking about guaranteed returns and using ETF to suit your argument when talking about returns above what a normal endowment will give you. Win liao lor *insert Mark Lee picture*

Seems like you are against better products which dont give u commissions

U alr said non guaranteed. Did i take any guaranteed features of ssb to compare with the non guaranteed portion of endowments?

You then win liao lor

 

[oceanicmanta]

http://imgur.com/a/mzZyd

For Pru's 'hot' endowment.

whilst it mentions about early termination, but it is silent about how Maturity Value may turn out from initial projection.

Insurers shld have agents explain to prospects the times when maturity values or bonuses of policies have been reduced (& its magnitude) due to GFC & other market downturns (just like those mentioned in Pru's explanation).

These are actual events. As mentioned, there was at least 25% reduction in projected values in PruSave & Pru AssetBuilder plans in 2008.

 

[Bigoya]

whilst it mentions about early termination, but it is silent about how Maturity Value may turn out from initial projection.

Insurers shld have agents explain to prospects the times when maturity values or bonuses of policies have been reduced (& its magnitude) due to GFC & other market downturns (just like those mentioned in Pru's explanation).

These are actual events. As mentioned, there was at least 25% reduction in projected values in PruSave & Pru AssetBuilder plans in 2008.

Instead of letting scum agents misinterprate such critical informations at their will, why not ask MAS to compile the results and show it on their website for proper comparisons?

 

[dkgamer]

As if real estate and equity are so transparent like that.

 

[lazybee]

I also have an GE endowment plan which my Dad brought from me.

Able to breakeven only after 19 years. Likely due to the fact my age is young, so the insurance premium is low and more cash is polled to investmen of bonds.

My advice: Never buy endowment. Should buy whole life/term insurance polices separately and keep the investment component separate (which dividend can also cover the cost of insurance).

By mixing both together, you don't know how the cash is being allocated, nor know how well the investment is doing.

I can't liquidate my endowment without affecting the insurance portion, which is the killer.

 

[akwl88]

I also have an GE endowment plan which my Dad brought from me.

Able to breakeven only after 19 years. Likely due to the fact my age is young, so the insurance premium is low and more cash is polled to investmen of bonds.

My advice: Never buy endowment. Should buy whole life/term insurance polices separately and keep the investment component separate (which dividend can also cover the cost of insurance).

By mixing both together, you don't know how the cash is being allocated, nor know how well the investment is doing.

I can't liquidate my endowment without affecting the insurance portion, which is the killer.

Endowment cant even act like a protection or investment product which is why it is useless

 

[Perisher]

As I mentioned before, this disclaimer is way too complicated

vs my example.

The complexity of these wordings and terms is why people tend to just sign instead of reading it through.
Face value, sum assured, notional value, reversionary bonuses etc... Who would understand what they are signing at a glance?

 

[peacefulday]

I alr said use ssb for savings

Chiu want to use endowments for investment, we can bring in equities to compare

For savings purposes, ssb wins endowments hands down

I alr ask u to sic a current 10 yr endowment policies and compare the guaranteed returns but u refuse to

Unless ur endowment plans can guranteed 3% and above

think this type of term endowment also extinct