30s-50s chitchat club

Milo-Dino

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This is really no brainer fool thing.
No brainer for us but some pple just too naive and don't ask more....

U see the news.. So many pple kena con sign those insurance policy with leverage loan to bank... (fixed interest income but the loan with bank was floating rate) end up all lose money lol
 

swat444

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No brainer for us but some pple just too naive and don't ask more....

U see the news.. So many pple kena con sign those insurance policy with leverage loan to bank... (fixed interest income but the loan with bank was floating rate) end up all lose money lol
Read read, i still dun see how the policy benefit the insured…. Breakeven is 10yrs or more, subject to rates @bank discretion, w/non-guaranteed returns. At death, $1mil, get 30%, assuming 70% loaned. 🤯
 
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