anyone advise pruAdvanace

[endlssorrow]

http://m.prudential.com.sg/corp/prudential_en_sg_mobile/solutions/save/PRUadvance_saver.html

agent said monthly $500 for 7 yrs = $42k. Policy terminate on 12th yr will get back $53k.

so simply is $11k for 5 yr, work out more than 20% return.

good anot? confirm better than normal saving plan or eveb fixed deposit rate.

 

[kebinu]

You know it's better to look at bips for guaranteed and non guaranteed amount, actual return before you can make a better decision too.

The return is not 20% as you say either, and use a 12 year period instead.

 

[kenix14]

Pruadvance saver is a 12 years plan. Thus, the return should be calculated based on 12 years tenor.

 

[endlssorrow]

2.18% also consider quite good liao

 

[bigmice]

GE have Endowment 5, average return 2.9%/year
eg: pay premium S$4509.4/year for 5 years total pay 22547, 10 years later take back S$29125

 

[FP_IFA]

First off, the amount stated is not a guaranteed value. The only guaranteed value is the sum assured. The amount stated is assuming the bonus projected are hit so 2.18% or whatever is the best case scenario. The worse case scenario is you get less than what you put in if there is totally no bonus (not likely to happen).

 

[endlssorrow]

yup. checked and not guaranteed. so give up