arsenalfc85
Arch-Supremacy Member
- Joined
- Nov 30, 2015
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Recently POSB contacted me about this savings plan. What do u guys think? Is it good or is it really bad?
MyRegularPay
MyRegularPay is a 100% capital guaranteed1 savings plan that pays you annually from the end of the 2nd policy year onwards. It also gives you a guaranteed lump sum amount at maturity, to meet your savings goal.
This means that you have the opportunity to enjoy a small part of your savings every year – for shopping, holidays, or anything that you may fancy. At the same time you’ll also feel secure that you’re still accumulating a substantial lump sum of cash.
Key Benefits:
Enjoy annual Guaranteed Cash Benefits2 from the end of the 2nd policy year onwards. Each annual payment is 5% of the Sum Assured3 you’ve decided.
Get a lump sum amount plus potential bonuses4, at the end of the policy term.
100% capital guaranteed1 at maturity
Pay premiums for only 10 years
Choice of the policy term to achieve your savings goal: 15 years or 18 years
Don’t feel like taking that annual payout? No worries – just put it back into the policy for greater earnings!
Reinvest the Guaranteed Cash Benefits with a non-guaranteed interest rate of 3%p.a5.
For example
Pay 10 years, every year pay $7200, total premiums $72000, from end of second year till the final year, every year able to withdraw $2725 which is the guaranteed cash benefits payout. Upon maturity value, able to get guaranteed $38150 with $4223 projected at 3.25% investment return.
Total premiums paid over 10 years= $72000
Guaranteed cash benefits payout rom end of 2nd year till maturity = $35425
Guaranteed at maturity= $38150
Non guaranteed at 3.25% investment returns = $4223
Non guaranteed at 4.75% investment returns = $14127
Is it worth it? Need advice..thanks much!
MyRegularPay
MyRegularPay is a 100% capital guaranteed1 savings plan that pays you annually from the end of the 2nd policy year onwards. It also gives you a guaranteed lump sum amount at maturity, to meet your savings goal.
This means that you have the opportunity to enjoy a small part of your savings every year – for shopping, holidays, or anything that you may fancy. At the same time you’ll also feel secure that you’re still accumulating a substantial lump sum of cash.
Key Benefits:
Enjoy annual Guaranteed Cash Benefits2 from the end of the 2nd policy year onwards. Each annual payment is 5% of the Sum Assured3 you’ve decided.
Get a lump sum amount plus potential bonuses4, at the end of the policy term.
100% capital guaranteed1 at maturity
Pay premiums for only 10 years
Choice of the policy term to achieve your savings goal: 15 years or 18 years
Don’t feel like taking that annual payout? No worries – just put it back into the policy for greater earnings!
Reinvest the Guaranteed Cash Benefits with a non-guaranteed interest rate of 3%p.a5.
For example
Pay 10 years, every year pay $7200, total premiums $72000, from end of second year till the final year, every year able to withdraw $2725 which is the guaranteed cash benefits payout. Upon maturity value, able to get guaranteed $38150 with $4223 projected at 3.25% investment return.
Total premiums paid over 10 years= $72000
Guaranteed cash benefits payout rom end of 2nd year till maturity = $35425
Guaranteed at maturity= $38150
Non guaranteed at 3.25% investment returns = $4223
Non guaranteed at 4.75% investment returns = $14127
Is it worth it? Need advice..thanks much!
