Advice on Insurance (confusing)

[weiiix]

Buy a proper term insurance and invest the difference in STI ETF/low cost funds (<1% admin fees)/blue chip stocks. Why would anybody settle for poor yield (2-3%pa) compared to (5-9% on open market), have their money lock in for 35 years, which only breaks even after 25 years? Question the 'Effect of deductions" on all insurances.

We hav no knowledge in investing. So afraid gonna lose money instead of saving it .

 

[PRUbombz]

Coming 26.

Instead of the Prulink Protection Plus account, I would urge you to look up our newest life policy, Prulife Multiplier. It is a limited pay plan, which gives you multiplied coverage on death/tpd/ci till 65. As for savings, its good to start a habit for a long term savings plan. But I would prefer you take up PruFlexicash plan. Gives you the flexibility of withdrawing your cash value if need be over the span of 25 years. 25 years is a long time to lock in your money. So, best to give yourself the option of withdrawal. IMO.

Please also ensure she has a hospitalization plan to begin with.

If you like to hear a more detailed 2nd opinion, feel free to PM me.

 

[Carnesir]

in case anyone wants to buy term and invest the rest strategy, please hop on over to the next hardwarezone thread on investments.

Stocks, Shares and Indices - www.hardwarezone.com.sg

i tink they have made much higher returns then ilps thus far.

 

[trueblues]

We hav no knowledge in investing. So afraid gonna lose money instead of saving it .

the ignorant will always part with his money. either losing them to market, conmen, bankers or insurance agent. learn don't hide.