Endowment plans?

[Kaypohji]

Got plans that non guaranteed + guaranteed reach 5%++?

 

[Yan Sia]

There are plenty of companies offering this sort of products

So in total you looking at pay 5 wait 10 for maturity eh?

Yeah yeah, just looking around see which one got highest payout

 

[Value.Matrix]

Got plans that non guaranteed + guaranteed reach 5%++?

Not with fresh endowments. 5% is yesteryears when bonds rate are high.

 

[boredboiboi]

Not only looking at Ocbc. Just overall endowment plan , looking at payment of 5 years and 10 years later take out

Pay 5 wait 10 is very popular but the returns is just so so only and some done even have capital guaranteed at the maturity.
And Why such plan? If is for retirement or income, i would say go for something else but depends on what is your objective.

 

[boredboiboi]

Got plans that non guaranteed + guaranteed reach 5%++?

Nope but 4+% got.

 

[winthony]

Got plans that non guaranteed + guaranteed reach 5%++?

In the past probably. right now with every place slashing rates, i would say 3% would be somewhat the figure to look at

Yeah yeah, just looking around see which one got highest payout

If so, you should be comparing guaranteed amount since anything non-guaranteed cannot be a good basis for comparison

Not with fresh endowments. 5% is yesteryears when bonds rate are high.

Old policies probably can when they traded liquidity for returns. right now those holding that kind of policy confirm happy

 

[Nancy Fancy]

Yeah yeah, just looking around see which one got highest payout

Hi Yan Sia,
Under current low interest rate environment, annualized return for insurance endowment plan is most likely around 3.x%.

While you compare the payout, you may also take a look at the structure of the endowment plan. such as whether got cashback? can accumulate the payout/cashback at x% p.a.?

Endowment plan is a long term commitment, guaranteed cashback may provide some flexibility to you.

 

[yiron]

Any good single premium product with maturity up to max 4 years? FD maturing and looking to deploy it in somewhere with better yields.

 

[winthony]

Any good single premium product with maturity up to max 4 years? FD maturing and looking to deploy it in somewhere with better yields.

your best bet would be waiting for tranche products that companies will be offering assuming you want full sum back after that 4 years

 

[Yan Sia]

Which 10 year endowment plan is better ?
Ocbc : pay 5 years (10k yearly) and 10 years later premium matured with guaranteed of 44,441 and non guaranteed of 17,981

Ntuc income: pay 5 years (10k yearly) and 10 years later premium matured with guaranteed of 54,203 and total of 58,864 (3.25%) or 63,895 (4.75%)

 

[boredboiboi]

Which 10 year endowment plan is better ?
Ocbc : pay 5 years (10k yearly) and 10 years later premium matured with guaranteed of 44,441 and non guaranteed of 17,981

Ntuc income: pay 5 years (10k yearly) and 10 years later premium matured with guaranteed of 54,203 and total of 58,864 (3.25%) or 63,895 (4.75%)

Looking at it, 2nd option is better.
Option 2 doesnt even 100% guaranteed ur capital upon maturity. But i will not look at such product.
What u gonna do when it mature? Look for another plan?

 

[Yan Sia]

Looking at it, 2nd option is better.
Option 2 doesnt even 100% guaranteed ur capital upon maturity. But i will not look at such product.
What u gonna do when it mature? Look for another plan?

Oh then what product you looking at or recommend ?
Ya after it mature, I need to look for another plan

 

[boredboiboi]

Oh then what product you looking at or recommend ?
Ya after it mature, I need to look for another plan

U can look at plan like below few. Of course there might be more similar. This below 3 is the popular few.
1) ntuc gro gen saver
2) manulife ready builder
3) aviva mysaving plan

Another type will be giving you income from end of year 5 or start of year 6 till as long as u live.
1) aviva mylifeincome
2) ntuc gro cash harvest

 

[Value.Matrix]

Oh then what product you looking at or recommend ?
Ya after it mature, I need to look for another plan

I am going to be naughty, but CPF SA is good lah. At 55,any excess cam be withdrawn, can do SA shield, and consistent. Idk man

 

[Okenba]

Which 10 year endowment plan is better ?
Ocbc : pay 5 years (10k yearly) and 10 years later premium matured with guaranteed of 44,441 and non guaranteed of 17,981

Ntuc income: pay 5 years (10k yearly) and 10 years later premium matured with guaranteed of 54,203 and total of 58,864 (3.25%) or 63,895 (4.75%)

10k/yr for 5 yrs. Wait 10 more years?
So pay 2021-2025, but payout at 2035?

How they calculate the 3.25% and 4.75%?
Far as I can tell, 63,895 is not even 2.5% pa...

I agree with Value. Put in SA better.
Or if you're below 40yo, put in your parents SA/RA so its more liquid.

 

[Yan Sia]

10k/yr for 5 yrs. Wait 10 more years?
So pay 2021-2025, but payout at 2035?

How they calculate the 3.25% and 4.75%?
Far as I can tell, 63,895 is not even 2.5% pa...

I agree with Value. Put in SA better.
Or if you're below 40yo, put in your parents SA/RA so its more liquid.

No, is payout at 2030 .

 

[Okenba]

No, is payout at 2030 .

ic ic... in that case 63,895 is about 3.5%pa

 

[Yan Sia]

Hi, anyone bought the great eastern single premium special 7? Any comments on it

 

[xtwis7]

In terms of single premium policies, it’s the shortest tenure that GE has to offer just that the yield is nothing to rave about.

If you’re not in the 60s, ask yourself why are you looking at only short term plans.

Hi, anyone bought the great eastern single premium special 7? Any comments on it

 

[DevilPlate]

Hi, anyone bought the great eastern single premium special 7? Any comments on it

Etiqa Eeasy save better?