Anyone with axa wealth treasures?

[sherryn]

As mentioned ^

 

[Shiny Things]

As mentioned ^

Why would I want to buy this instead of just buying the underlying unit trusts directly?

 

[Mecisteus]

wow you are enriching AXA. Look at the summary of fees and charges.

https://myaxa-singapore.cdn.axa-con...-6696b0aa3f1e_axa_wealthtreasure_brochure.pdf

 

[sherryn]

Just asking for opinion... because I’m a noob at investing and would like to start reading up...

 

[jake peralta]

avoid at all cost.

 

[xtwis7]

It’s the ILP right? Run first.

 

[Joseph99]

Be careful... there are a lot of insurance agents in this forum

 

[akwl88]

look at the summary of fees and charges...

 

[Shiny Things]

Just asking for opinion... because I’m a noob at investing and would like to start reading up...

Fair point.

Investment-linked insurance policies are, always and everywhere, a terrible way to invest. I'm going to shamelessly plug my own thread here, but if you want a place to start investing, hop on over to our thread and have a read.

 

[chopra]

Fair point.

Investment-linked insurance policies are, always and everywhere, a terrible way to invest. I'm going to shamelessly plug my own thread here, but if you want a place to start investing, hop on over to our thread and have a read.

pls visit shiny things thread. it's a very good place to start ur investment journey

 

[sherryn]

Thank u all for the heads up!

 

[wl_ling]

AXA Wealth Treasure is not an ILP. 100% of premium will be invested. The basic death benefits of 101% has no cost of insurance. Unless you opt for enhanced coverage, there will be element of insurance. Yes, there's initial charges and is comparatively lower than Pulsar that was launched earlier. With the bonuses offered, will earn back all the charges and receive potential returns over time. Allows you to tap on Accredited Investor Funds.

Hope to clear any doubts.

 

[Perisher]

AXA Wealth Treasure is not an ILP. 100% of premium will be invested. The basic death benefits of 101% has no cost of insurance. Unless you opt for enhanced coverage, there will be element of insurance. Yes, there's initial charges and is comparatively lower than Pulsar that was launched earlier. With the bonuses offered, will earn back all the charges and receive potential returns over time. Allows you to tap on Accredited Investor Funds.

Hope to clear any doubts.

ILP = investment linked product. This product not linked to investment?
And you bring up Pulsar for comparison? That's a ILP no?

 

[blackvice]

ILP = investment linked product. This product not linked to investment?
And you bring up Pulsar for comparison? That's a ILP no?

That reply is typical open eyes say blind word.

 

[wl_ling]

ILP = investment linked product. This product not linked to investment?
And you bring up Pulsar for comparison? That's a ILP no?

There's difference between traditional ILP and investment plans. Investment-linked insurance policies (ILPs) have both life insurance and investment components.

Insurance charges will "eat" into the premium if enhanced death coverage is selected for both Pulsar and WT. Otherwise, for default basic 101% death coverage, 100% of premium goes to investment.

 

[Perisher]

There's difference between traditional ILP and investment plans. Investment-linked insurance policies (ILPs) have both life insurance and investment components.

Insurance charges will "eat" into the premium if enhanced death coverage is selected for both Pulsar and WT. Otherwise, for default basic 101% death coverage, 100% of premium goes to investment.

What do insurance company earns if 100% of premium goes into investment?
From the earnings of the investments?

In other words, one is paying insurance companies to do investment?
Is there historical record of insurance companies doing investments well over a 20 year period?
Achieving more than say a simple ETF like VWRD?

What kind of returns can they guaranteed? No losses?
What's it like compare to say SSB or AstreaIV bonds?

Are agents well-versed in investments enough to advice their clients on investments?

 

[Muneyzmart]

Not entirely true. Some may wish to boost up their balance sheet to look good. In business, you have good times and you have bad times.

Some insurance companies offer no bid offer spread, no policy fee charges and at times, no supplementary charge. In addition, they may offer additional bonus units after a ‘X’ period of years.

Insurance company may also tie up with investment managers that had outstanding track record of performing beyond MSCI.

I assume the only downside to the plan is when you fail to fulfill the obligations of the policy contract. Maybe that is the insurance company’s intention.

What do insurance company earns if 100% of premium goes into investment?
From the earnings of the investments?

In other words, one is paying insurance companies to do investment?
Is there historical record of insurance companies doing investments well over a 20 year period?
Achieving more than say a simple ETF like VWRD?

What kind of returns can they guaranteed? No losses?
What's it like compare to say SSB or AstreaIV bonds?

Are agents well-versed in investments enough to advice their clients on investments?

 

[Perisher]

Not entirely true. Some may wish to boost up their balance sheet to look good. In business, you have good times and you have bad times.

Some insurance companies offer no bid offer spread, no policy fee charges and at times, no supplementary charge. In addition, they may offer additional bonus units after a ‘X’ period of years.

Insurance company may also tie up with investment managers that had outstanding track record of performing beyond MSCI.

I assume the only downside to the plan is when you fail to fulfill the obligations of the policy contract. Maybe that is the insurance company’s intention.

Again, is there any guarantees of anything?

 

[Muneyzmart]

Contrary to the more ‘popular’ ILP products which had been peddled are usually front end load with a lot of charges resulting in a doom to fail product. Meaning to say, there is little or no chance of profiting from such product.

Even if you do make a profit from investment, the increasing mortality charges as you age (I.e Death, TPD or CI) would have already eroded off all the gains from the investment.

I think the product that had been structured in recent years are pretty competitive but at the expense of the agent’s pocket and if and only if, the agent does market the product to the consumer.

Going back to your question, there’s a reason why MAS mandates financial service representative to do needs analysis which had always been greatly undermine. Guaranteed means low risk which equates to low returns. You want low risk, there are plentiful of articles in Money Mind to share how to maximise your dollar (Singapore Saving Bond, Credit card cash rebates, OCBC 360, endowment etc.) It is really about knowing what you really want.

Again, is there any guarantees of anything?

 

[JuniorLion]

There's difference between traditional ILP and investment plans. Investment-linked insurance policies (ILPs) have both life insurance and investment components.

Insurance charges will "eat" into the premium if enhanced death coverage is selected for both Pulsar and WT. Otherwise, for default basic 101% death coverage, 100% of premium goes to investment.

You sound like an insurance agent... Are you?