Mecisteus
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How useful is the track record in determining the future of 20-30 years?
Lehman Brothers was in operation since 1850 but they collapsed too.
Manulife
- Thread starter HWZ1973
- Start date
How useful is the track record in determining the future of 20-30 years?
Lehman Brothers was in operation since 1850 but they collapsed too.
Well, of course insurer don't "chu pattern" now does not mean they will not "chu pattern" in the future. But for those that have a current bad track record, it is advisable to avoid (right now) cause the ethics is unlikely to change..
Mine Income and Tokio Marine, no cut bonus so far..
My policy was originally from John Hancock insurance.. They bought over by Manulife so from many years ago has been with Manulife..
Shion
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Shion
Senior Mentor
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This is serious. Off by how much, you know ?
If possible, do cite the insurer/name of policy. The type of policy (whole life/traditional endowment/anticipated endowment), premium payment term (limited years or perpetual).
If its those anticipated (i.e. cashback) endowment, then yes ....that's what you would typically see in the projection (BI). The buyer should see carefully what they are buying (or signing up).
If its those anticipated (i.e. cashback) endowment, then yes ....that's what you would typically see in the projection (BI). The buyer should see carefully what they are buying (or signing up).
Lol...Living Policy really quite good (so far).Can't forget the old NTUC Living Policy
Just to share my experience
AIA: Policies >20 years. Whole life policies. Bonuses got permanently revised downwards 3 times.
GE: Policies about 10 years. Whole life policies. No change.
Income: Policies about 10 years. Whole life policies. The bonus structure was revamped in one year (200x) but the bonus remain largely unchanged. In fact, the surrender value seems to be better after the revamp. Yup...its the Living Policy. =)
TM: Policies about 5 years. Whole life policies. No change.
Income/UOB Life(No more): Endowment policies (Capital Life/UOB Life Guaranteed Reward). 10 year traditional endowment. Around 4% pa, guaranteed.
Personally most comfortable with Income, followed by GE.
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I'm looking for annuity. Any recommendations? Thanks.
Personally not comfortable with the annuity plan out there in the market. At least I haven't seen one that attracts me yet.
CPF Life is the best!
Me too painful to cut loss...
But CPF life if top up with cash, cannot withdraw any time. Only through monthly payout from age 65 till death.
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Actually the termination is not due to this reason. It just I decide to go "naked" and terminate all my life insurance to get the cash value and invest in the stock market. Sadly I unable to get term insurance in replacement due to medical reason. Keeping finger crossed for the next 15 years nothing happen to me for my investment to bear fruit
HWZ1973 - I am in the same predicament as you. got 'conned' into buying this policy some 18 years ago and the cumulative premiums paid so far way exceeded the surrender value... whereas both my NTUC and GE policies have long 'broken even' (SV > premiums paid) . And this has not even taken into account the effects of inflation.
I seriously have no faith in Manulife and am considering terminating my policy so as not to throw more good money after bad
Is there any where we can lodge a complaint against them?
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