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PruCash losing money?

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Old 13-06-2018, 08:26 PM   #31
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I already try to cut loss by taking out all the money I can. Now wait for it to mature and get back the remaining. Luckily I bought minimum amount that time.
I try to think positively, pay premium monthly and use it to fulfill card spend for those high interest accounts.
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Old 13-06-2018, 09:11 PM   #32
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My PruCash bought 6 years ago has yet to breakeven too.

Surprisingly again, my TM Life has broken even after about 7 years.
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Old 13-06-2018, 09:14 PM   #33
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me got PruCash. Only withdraw the 1st 2 years of the Cashback. looking at BI, the exponential is the last 3 years. need to hang on for a few more years i guess
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Old 13-06-2018, 09:16 PM   #34
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me got PruCash. Only withdraw the 1st 2 years of the Cashback. looking at BI, the exponential is the last 3 years. need to hang on for a few more years i guess
How long have you been holding this policy?
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Old 13-06-2018, 09:27 PM   #35
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You shouldn't compare the returns on savings products against protection products. Of course savings will win, but they barely offer any coverage.
PruFlexiCash is not a savings product.
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Old 13-06-2018, 09:39 PM   #36
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When you complain about poor returns, Pru says it's not purely savings/investment as it also offers coverage.

When you complain about poor coverage, Pru says it's not purely insurance as it also offers savings/investments.

End of the day, is both cmi but they will market it as best of both worlds and one stone kill two birds kind of product.
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Old 13-06-2018, 09:40 PM   #37
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since 2003

How long have you been holding this policy?
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Old 13-06-2018, 09:44 PM   #38
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PruFlexiCash is not a savings product.
But the agents sell this as "savings"

I think this is also the plan which has the most threads in this forum section too (complaints/advise etc.)
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Old 13-06-2018, 09:52 PM   #39
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Same as me...but I did not pay premiums on some years...dunno if that affected my projected returns.
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Old 13-06-2018, 10:22 PM   #40
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Same as me...but I did not pay premiums on some years...dunno if that affected my projected returns.
Why did not pay premium? Took a loan against your policy?
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Old 13-06-2018, 10:36 PM   #41
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Why did not pay premium? Took a loan against your policy?
I guess. Used the built up value to pay the premium. Just seemed like I would be overpaying since returns r so low so I did not pay.
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Old 13-06-2018, 10:39 PM   #42
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Automatic premium loan is 5.75% p.a for Prudential. Might as well surrender.
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Old 13-06-2018, 10:54 PM   #43
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Automatic premium loan is 5.75% p.a for Prudential. Might as well surrender.
Hmm, I didn't know that. Prob will surrender then. Will call them up to enquire more.
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Old 13-06-2018, 10:58 PM   #44
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I try to think positively, pay premium monthly and use it to fulfill card spend for those high interest accounts.
I thought that too but I wonder if it is leading me to suboptimal use of my money. I mean, if I am spending money just to meet card spend requirement, I am probably doing it wrong.
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Old 14-06-2018, 12:05 AM   #45
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Like it or not, insurance planning is crucial for late-life.

To-date, I have accumulated $240k as my cash value for all my PAR policies.

In the event that I have run out my cash, stock, SRS and even CPF, cash value of these PAR funds will be the last to go.
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