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Things you should read before buying an endowment plan

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Old 22-05-2016, 06:34 PM   #151
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when this symbol ( - ) appear before a number, it means "Minus", which is means you are suppose to deduct this value from a reference value.

e.g.
$5000 in a -100% investment means $5000 x -100% = -$5000, which means $5000 is missing from your pocket.

To put things into perspective, im paying $12 for my $200k term insurance. If i happen to survive to 65 i would have paid a total premium of $480 (40 years)

I dont see the thousands and thousands of dollars? Where is it?

Why not u just post your total premium paid and total returns (BACK IN YOUR POCKET) in here, and let us calculate the CGAR for you? Just give these 2 values can liao, not asking much.

NTUC advertisement is not lying and there is nothing for policy holder to bash about.
Here u go:

mthly premium $131.50 since 10 april 1996
surrender value $48680

Thank you
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Old 22-05-2016, 11:20 PM   #152
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Here u go:

mthly premium $131.50 since 10 april 1996
surrender value $48680

Thank you
Your surrender value guranteed? Bo non-gutanteed de portion?
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Old 23-05-2016, 12:41 AM   #153
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U have not been reading hwz, the joke is my whole life policy with NTUC gives 4% compounded returns! U think NTUC dare to publish a more than 10k advert just to be humtum by all the policy holders in Sg?

I wonder how you determine your WL policy gives 4% compounded return, unless the policy has matured or you have surrendered your policy to realised the final amount you get. Or the guaranteed amount plus bonus to-date show the return to be 4% compounded.
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Old 23-05-2016, 02:03 AM   #154
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I wonder how you determine your WL policy gives 4% compounded return, unless the policy has matured or you have surrendered your policy to realised the final amount you get. Or the guaranteed amount plus bonus to-date show the return to be 4% compounded.
noticed he mentioned 1996. At that time the whole environment of interest rates is very different from now.
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Old 23-05-2016, 06:48 AM   #155
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Here u go:

mthly premium $131.50 since 10 april 1996
surrender value $48680

Thank you
Is this your projection, or is this already in your pocket?



Edit: wait a minute I noticed that your plan is WHOLE LIFE policy. My god did you even read the title of this thread?!
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Last edited by bibu00; 23-05-2016 at 06:56 AM..
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Old 23-05-2016, 07:37 AM   #156
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Is this your projection, or is this already in your pocket?



Edit: wait a minute I noticed that your plan is WHOLE LIFE policy. My god did you even read the title of this thread?!
Oh ya hor now u mentioned it. WL and endowment different wor
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Old 23-05-2016, 08:03 AM   #157
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Oh ya hor now u mentioned it. WL and endowment different wor
Can't believe we all duped into entertaining a forum troll. Damm.
He still give some S. U. R. E. model.
Wah buay sai la.
Still want to "set some common understanding" tell me my example "applies to term plan" . Quote my figures also can remove negative sign.

Last edited by bibu00; 23-05-2016 at 08:09 AM..
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Old 23-05-2016, 08:05 AM   #158
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Can't believe we all duped into entertaining a forum troll. Damm.
He still give some S. U. R. E. model. Wah buay sai la.
S.U.R.E troll ba
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Old 23-05-2016, 09:15 AM   #159
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Can't believe we all duped into entertaining a forum troll. Damm.
He still give some S. U. R. E. model.
Wah buay sai la.
Still want to "set some common understanding" tell me my example "applies to term plan" . Quote my figures also can remove negative sign.
He likes to show off his obsoleted and paltry WL policy in every insurance thread one.

I did mention before he was lucky to pick a good policy. If he was 100% confident at the point of purchase, he would have bought 10x more coverage. Then can show off to us his huge policy value.
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Old 23-05-2016, 12:38 PM   #160
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Is this your projection, or is this already in your pocket?



Edit: wait a minute I noticed that your plan is WHOLE LIFE policy. My god did you even read the title of this thread?!
And I am sure the yield will get lower each passing year whether term or life. For WL, you will only know the final return when it's "in your pocket" or the declared bonus gives an indication of the direction.
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Old 24-05-2016, 07:01 PM   #161
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Hi, I need some advice from you guys. I bought the PruFlexiCash together with my mum 3 years ago (24y/o then). Back then, I was financially illiterate and my mum wanted me to buy a savings plan, but the UOB financial agent intro-ed us PruFlexiCash. I bought the 25 years plan while my mum bought the 15 years.

Now, I regretted my actions for blindly signing a policy without understanding what it is. If I surrender now, I will lose about $7k which is a considerable sum to me. My alternative is to start withdrawing out the cashback and use it to invest in ETF/bonds. Is this a feasible idea? Should I do likewise for my mum? She will be 68 years old when the policy matures.

Last edited by pandallas; 24-05-2016 at 08:52 PM..
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Old 24-05-2016, 07:19 PM   #162
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You might want to share more. Like your annual premium and their projected BI, cashback amount.

Hi, I need some advice from you guys. I bought the PruFlexiCash together with my mum 3 years ago (24y/o then). Back then, I was financially illiterate and my mum wanted me to buy a savings plan, but the UOB financial agent intro-ed us PruFlexiCash. I bought the 25 years plan while my mum bought the 15 years.

Now, I regretted my actions for blindly signing a policy without understanding what it is. If I surrender now, I will lose about $7k which is a considerable sum to me. My alternative is to start withdrawing out the cashback and use it to invest in ETF/bonds. Is this a feasible idea? Should I do likewise for my mum? She will be 68 years old already when the policy matures.
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Old 24-05-2016, 08:51 PM   #163
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Join Date: May 2016
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Policy Term: 25 years
Monthly Premium: $307.93
Annual Premium: $3622.61
Yearly cashback: $2275

Option 1: 5% Yearly Cashback
Maturity value projected at 3.25% investment return
Total premiums paid: $90,568
Guaranteed: $2275
Non-guaranteed: $44,122
Total: $46,397

Option 2: Accumulate Cashback
Maturity value projected at 3.25% investment return
Total premiums paid: $90,568
Guaranteed: $54,600
Non-guaranteed: $54,663
Total: $109,263

I did not include the projected at 4.75% investment return because let's not be too optimistic.
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Old 24-05-2016, 09:35 PM   #164
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Policy Term: 25 years
Monthly Premium: $307.93
Annual Premium: $3622.61
Yearly cashback: $2275

Option 1: 5% Yearly Cashback
Maturity value projected at 3.25% investment return
Total premiums paid: $90,568
Guaranteed: $2275
Non-guaranteed: $44,122
Total: $46,397

Option 2: Accumulate Cashback
Maturity value projected at 3.25% investment return
Total premiums paid: $90,568
Guaranteed: $54,600
Non-guaranteed: $54,663
Total: $109,263

I did not include the projected at 4.75% investment return because let's not be too optimistic.
Hi, your personal ROI for option 2 accumulate cash back is 1.4% p.a.

I.e. If the money you invested work really hard and generate a 3.25% return per year, you'll only be getting around 1.4% compound interest for 25 years.

At the end of 35years, if your fund did perform at 3.25%, you'll be paying approx $32k to fees and your agent's new BMW. (calculated by using yearly premium 3.25% compounding - projected total value)


The rest is really up to you to decide. It's not likely to make a loss, but it's the opportunity cost that kills.

I surrendered my policy at a 6k loss.
Hope your agent name is not Jennifer teo. She knows nothing and is super good smoking answers.

Use this compound interest calculator to check
http://www.moneychimp.com/calculator...calculator.htm

Last edited by bibu00; 25-05-2016 at 12:21 AM..
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Old 24-05-2016, 10:07 PM   #165
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PruFlexiCash again
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