Yup. Already did and am now spreading the gospel to my younger colleagues. Better late than never. AK21 is also a good blog for me to learn more about passive investment as I am quite lazy in nature. Hahha.
You mean assi?
Yup. Already did and am now spreading the gospel to my younger colleagues. Better late than never. AK21 is also a good blog for me to learn more about passive investment as I am quite lazy in nature. Hahha.
You mean assi?
There's always segments of gullible people in every community which needs protection. Just like we need protection by police from criminals (because we're weak and can't defend ourselves from those monsters with weapons), these gullible people are also weak and needs protection from the insurance monsters. I'd say it's high time the government steps on on new laws to punish and jail these monsters
As promised, here is the latest BI of my one and only participating policy (endowment) from an insurance company. It is an 18-year policy so I am halfway there.
At that time, this was the only plan that can offer a guaranteed value higher than the premiums paid based on my affordability. The other one was from TM but I need to pay higher monthly premiums.
Guaranteed yield of policy upon maturity = 0.72%
Non-guaranteed yield of policy upon maturity = 1.62%
Didn't read the thread but i wonder why no one mentioned STI ETF? Is a supposed 8.4% annualised return. I was surprised to see the guaranteed return is only 0.72% for a 10+++ year endowment plan. That's actually worse than bank fixed D now.
STI ETF is super easy to buy now. You can buy through banks or online if you don't know how to on trading platforms. If you know how, share them with your younger friends and how it may help them generate more returns in future than ilps or endowments.
Coming to the hate part. I always wonder where the money from the many many incentive trips that my agent friends get to enjoy every few months. Wait. Its your hardearned money used to fund someone else's travel! Sounds great!
i alr mentioned this liao in so many threads here and always kenna bashed by insurance agents
wah bro, how come the returns so cui?
Insurance when it begun at its most pure sense was supposed to let me (if im agent) help and protect your life, and in the mean time, i earn my living.
But now it has deteriorated into let me (if im agent) earn so much to get my bmw/condo/incentive trips by selling you things that may/may not (most cases) help you. The incentive of motivation is already a conflicting interests in its core. So why should they care more about your money when their own money/target is much much much more important
Guaranteed amount is slightly lower than total premiums paid
CAGR is 2.29% (please correct me if wrong) if considering the projected total amount stated in the BI, which is $16,075
I would not look too deep at what it states on the BI about breakeven at 10th year
i think so..? this was the policy that my dad passed to me. i believe there shouldn't be any changes.. will login to ntuc income to double check again..
BI will change, best is get the updated BI
hi mrclubbie,
understood. may i know how should i go about getting the latest BI? calling up ntuc and asking them to send it to me?
while i'm on this, i have 2 whole life policies with ntuc income also; will life policies also have changes to its BI?