Yes the GE product is "projected".. and my agent will always tell us they are the only company which refunded during the mini bond crisis and they always pay the projected (else their directors would need to cut the bonuses too? )
I will update on this ETIQA product when my Maybank FD expires in Sept.. unless other forumers know if we need to purchase their other investment products (MAybank's usual tactics ) ... switching some to this...
Ha ha , you know them too well.
As for GE, I know they took a 10.8% cut in their projected maturity value for some policies during the last meltdown in 2008 ~ 2009.
Probably got burned by those highly toxic US housing CDO (Collateral Debt Obligations) instruments.
So, they didn't cut bonuses, but they did cut from the policyholders' underlying asset values. Nothing ingenious to boast about.
Sent from Nagasaki長崎, Japan日本 using GAGT
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