AIA saving plan

[adversary96]

Should I buy this plan. Pro lifetime protector

 

[exterminazn]

What requirement do you have in the first place?

 

[winthony]

Should I buy this plan. Pro lifetime protector

What are you exactly looking out for in terms of finding a product? It would be easier to see if the product fits your needs rather than finding reasons to get the product itself

 

[adversary96]

Something which can lock my money. Because I can't manage my own money. Every month will spend almost 80% of my salary. Want to have a plan for future from now onwards

 

[exterminazn]

A lot of plans out there that also able to

Are you getting from someone you know?

Anyway this plan is a ILP, which means a mix of investment and insurance

To simplify matters, there are no guaranteed returns, and this is definitely not a saving plan

 

[adversary96]

A lot of plans out there that also able to

Are you getting from someone you know?

Yup it's a friend introduced. Like which plan?

 

[boredboiboi]

Should I buy this plan. Pro lifetime protector

Its not a saving plan. Its a protection + investment.

Maybe might want to ask why is this plan introduced to you when u wan a saving plan?

 

[adversary96]

I'm in my mid 20s with no saving. Work for about 5 years. Really want to plan and save for my future

 

[adversary96]

Its not a saving plan. Its a protection + investment.

Maybe might want to ask why is this plan introduced to you when u wan a saving plan?

I'm not very knowledgeable about insurance thing. That agent told is like plan where you can save and invest for 20 years.

 

[winthony]

I'm in my mid 20s with no saving. Work for about 5 years. Really want to plan and save for my future

If you are looking for savings plan, this product has the element of protection in it. There are far better products out there that will be more suitable for you as they are 100% into savings/investing.

But like what I always tell my clients, such products also require discipline. You mention you spend almost all of your salary monthly, are you sure you can commit yourself to this? because early surrender/withdrawal will not get you back the full sum of money you put in

 

[boredboiboi]

I'm in my mid 20s with no saving. Work for about 5 years. Really want to plan and save for my future

Too many type of saving plan. There are plan with maturity. Plan with income payout. Plan that last all the way to age 120 without the grow stopping and flexible to withdraw anytime

 

[boredboiboi]

I'm not very knowledgeable about insurance thing. That agent told is like plan where you can save and invest for 20 years.

But that plan comes with protection which will eat into your return. R u looking for pure saving/invest or with protection?

 

[exterminazn]

I'm not very knowledgeable about insurance thing. That agent told is like plan where you can save and invest for 20 years.

Invest is not saving, as there are risk and returns are no guaranteed

Somemore this plan is ILP, meaning there is no end to paying this plan

 

[adversary96]

But that plan comes with protection which will eat into your return. R u looking for pure saving/invest or with protection?

Pure saving. I dont need protection as I already have one currently

 

[boredboiboi]

Pure saving. I dont need protection as I already have one currently

Then u might wan to explore something else. I dont know why your friend introduce this to you if you wan a pure saving plan. This most likely is not what u wanted.

Just shoot a question to your friend. When is the guaranteed breakeven, see what the answer your friend give

 

[winthony]

Pure saving. I dont need protection as I already have one currently

Then this particular product is not what you are looking for! Like what I mentioned earlier, do consider if you are able to commit because saving plans do have penalty for early withdrawal!

 

[adversary96]

Then u might wan to explore something else. I dont know why your friend introduce this to you if you wan a pure saving plan. This most likely is not what u wanted.

Just shoot a question to your friend. When is the guaranteed breakeven, see what the answer.

Any plan you can intro?

 

[boredboiboi]

Any plan you can intro?

Before I introduce any plan. What your saving time frame? And what your budget like? I can sell quite a few companies, you will be spoiled of choices. What coverage do you have? Need to find out your overall profile. Need to protect your money too.

 

[Mr. Wood]

I'm not very knowledgeable about insurance thing. That agent told is like plan where you can save and invest for 20 years.

dis agent trying to pull a fast one on u. saving and invest are separate.

since u are looking for savings plan, do u hav any target interests rates and time horizon?

 

[adversary96]

Before I introduce any plan. What your saving time frame? And what your budget like? I can sell quite a few companies, you will be spoiled of choices.

Taking home about 2k
My expenses include cigarettes,food,transport,bill add up to about $800-$900 at most. Looking to save about $500-600 a month