need advise on WL plan

[Lewis.T]

Thanks. I am enlightened.

I edited the post above yours with more info.

 

[soneat]

Thanks. I am enlightened.

But do take note insurer can cut future annual and terminal bonus. That's the big portion.

 

[Layers]

if thats the case why not just buy term protection with CI ? isnt that even better?

It's up to individual if they want to stay protected after 65. I want to.

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[OngHuatHuat]

Yeah true also, mine got one big one during the 20 th year anniversary.

So hope they don't get.

But do take note insurer can cut future annual and terminal bonus. That's the big portion.

 

[OngHuatHuat]

I just realize if you hold it until 99 years old, for whole life policy, you sum assured will increase gao gao.

It's up to individual if they want to stay protected after 65. I want to.

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[Layers]

I just realize if you hold it until 99 years old, for whole life policy, you sum assured will increase gao gao.

Not need till 99 la

BTIR, ppl just dun realize that not everyone can do well. All in u risk selling yo3u stock. Dun all in, u dun make 100% so might get lesser return

What if you make a mistake just before 65. Or market crash. GG nothing as backup.

BITR is great if we live in an ideal world

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[OngHuatHuat]

If all my other investments goes fine, then no need cash out, just leave it to charity or my beneficiary lor.

Not need till 99 la

BTIR, ppl just dun realize that not everyone can do well. All in u risk selling yo3u stock. Dun all in, u dun make 100% so might get lesser return

What if you make a mistake just before 65. Or market crash. GG nothing as backup.

BITR is great if we live in an ideal world

Sent from PLUS ULTRA! using GAGT

 

[mememomo]

Is there any review on the OCBC PLG plan? I just met my RM and it looks like an attractive product with small outlay on financing. Wonder if there are other products similar that I can compare?

 

[soneat]

Is there any review on the OCBC PLG plan? I just met my RM and it looks like an attractive product with small outlay on financing. Wonder if there are other products similar that I can compare?

Its essentially a UL based on GE par fund. Your RM will earn a lot by selling you this plan. 1. Commission for the UL plan. 2. Commission for policy loan. Unless u r very rich and you are seeking diversification, I don't think most people should touch UL.

 

[anfielder]

Is there any review on the OCBC PLG plan? I just met my RM and it looks like an attractive product with small outlay on financing. Wonder if there are other products similar that I can compare?

The returns are not guaranteed, and are not great anyway. And with financing? Even worse.

 

[mmchaisi]

The returns are not guaranteed, and are not great anyway. And with financing? Even worse.

Unfortunately, already into second year of a 200K OCBC premierlife generation plan with 144K loan. Is there an optimal time to surrender and get out? No dependants so no need bequeath anything.