IM PISSED!

[Johnpierpontmorgan]

23k for insurance cover over five years

your insurance coverage must be gaolat

 

[articland05]

I cropped out all the doxxing details. And circled all the important points.

this is a ILP.

3 pointer to make;

Starting year 2017
Yearly premium to pay $2400.0
Value now year 2024 $321.00

surrender value $128.00!
=======================
气死我了！
I STILL REMEMBER CLEAR AS DAY, that BLARDY agent can tell me with a very serious, straight face to me, “ i want to help you save for your future, i scared next time you don’t have saving!!

i put in bank earn 0% interest also way better lor!!!

PUI LA!!!

did u not ask first if u surrender now how much are u getting back?

 

[hardindex]

value 100 drop to 0.725?!?!?!!?!??! 99.3% losses?! What investment they do?

 

[Grimz79]

I felt TS should ask for more advice esp in money mind before going crazy and just liquidate it

For sure it would still be in his best interests to maintain the ILP and treat the premium payments as forced savings. In the long run it should do fine, but surrendering now to get the few hundred bucks of value isn'[t worth it.

 

[Dinoboyboy]

I cropped out all the doxxing details. And circled all the important points.

this is a ILP.

3 pointer to make;

Starting year 2017
Yearly premium to pay $2400.0
Value now year 2024 $321.00

surrender value $128.00!
=======================
气死我了！
I STILL REMEMBER CLEAR AS DAY, that BLARDY agent can tell me with a very serious, straight face to me, “ i want to help you save for your future, i scared next time you don’t have saving!!

i put in bank earn 0% interest also way better lor!!!

PUI LA!!!

ish the agent male or female?

 

[footi3]

meanwhile agent song song gao jurong

 

[enimen]

Nowadays I heard friend say got this plan that u buy for your kid. For X years you pay a lot annually then later when the child grow up, he will get guaranteed sum of money every month or something like that. Got so good meh? Anyone knows?

 

[congster2]

I cropped out all the doxxing details. And circled all the important points.

this is a ILP.

3 pointer to make;

Starting year 2017
Yearly premium to pay $2400.0
Value now year 2024 $321.00

surrender value $128.00!
=======================
气死我了！
I STILL REMEMBER CLEAR AS DAY, that BLARDY agent can tell me with a very serious, straight face to me, “ i want to help you save for your future, i scared next time you don’t have saving!!

i put in bank earn 0% interest also way better lor!!!

PUI LA!!!

You heard wrong.
He said he scared next time he don't have saving so asked u to contribute to his retirement fund.

 

[hardindex]

this is what agent mean when they told you don't put everything in 1 basket. Then u too many basket don't even knows what they investing with your funds

 

[congster2]

Nowadays I heard friend say got this plan that u buy for your kid. For X years you pay a lot annually then later when the child grow up, he will get guaranteed sum of money every month or something like that. Got so good meh? Anyone knows?

Endowment. Structured product.

 

[enimen]

I also cheated by chio bu agent when I was young. Damnit . I would have said no if male agent approached me

 

[Money no have]

ish the agent male or female?

Male buibui

 

[Forever84]

For sure it would still be in his best interests to maintain the ILP and treat the premium payments as forced savings. In the long run it should do fine, but surrendering now to get the few hundred bucks of value isn'[t worth it.

Ya lo… if he wanna stop paying for now he could just ask if able to do premium holiday first

what’s the point get back $300

 

[Forever84]

Nowadays I heard friend say got this plan that u buy for your kid. For X years you pay a lot annually then later when the child grow up, he will get guaranteed sum of money every month or something like that. Got so good meh? Anyone knows?

Ya I got somethings like this, fixed income type of plan, buy in my kids name then will have perpetual payout

 

[Dinoboyboy]

Male buibui

when i was in my late 20's i also signed up ILP for 3 years with an annual premium of around sgd 10k. like you, i lost marniee when i terminated it but unlike you mine was a milf.

 

[enimen]

Ya I got somethings like this, fixed income type of plan, buy in my kids name then will have perpetual payout

Is it any good?

 

[HelloEllo]

I cropped out all the doxxing details. And circled all the important points.

this is a ILP.

3 pointer to make;

Starting year 2017
Yearly premium to pay $2400.0
Value now year 2024 $321.00

surrender value $128.00!
=======================
气死我了！
I STILL REMEMBER CLEAR AS DAY, that BLARDY agent can tell me with a very serious, straight face to me, “ i want to help you save for your future, i scared next time you don’t have saving!!

i put in bank earn 0% interest also way better lor!!!

PUI LA!!!

So unpaid total 6 years ago 12K+ for 443 units
So each unit is 27 dollars and now it's only 28 cents.

Wah loss 99% value

 

[bruiser69]

ILPs are a big no-no! Same goes for agents who promise you heaven and earth

No wonder Money No Have.
Agent helping you to meet your target la

1. Agents are only there to make themselves richer
2. Agent helping you to meet his target la

 

[Money no have]

ILP is for VERY long term, never expect buying an ILP and surrendering with returns within 10 years. I feel agents need to emphasize this point very very clearly when proposing ILPs. Especially since many ILPs are front end loading, first 2 years or something most of the premiums paid go towards paying the insurance company, after that then all your premiums go into the funds you picked.

I learnt this lesson myself, and first 10 years of the ILP it was pretty miserable until the market moved upwards and I finally was in the black. But honestly I was not looking for something that long-term, had no choice but to hold.

In summary, ILP is definitely not for everyone nor is it always a good choice.

I felt TS should ask for more advice esp in money mind before going crazy and just liquidate it

hey bros, think about it.

is it even normal? Got what kind of investment can drop 90% value sia? And it’s already in year 7 liao leh.

Unless you tell me it’s the norm??

i dont have mass experience in such thing.

 

[Forever84]

Is it any good?

Depends on why u wanna get lo… for me just legacy planning

if u want like for yourself a regular income, maybe u buy dividend stocks also can