Need some advice for PRUflexicash

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Putatives

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Asphodeli said:
Oh god, if i got $1 for everytime someone thinks of it this way. There is no such thing as 0 risk, high returns. If someone is promising you that, they're selling snake oil from Waterloo Street.

Yeah SGS or SSB bonds is a better choice.
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Hahaha, thanks for your feedback!
 
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Putatives

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pcmdan said:
IMO, SAF Aviva is worth to keep. Of course my opinion might not worth anything also haha.

DPS NTUC, all CPF members will automatically be enrolled. Is only $36, and is deducted from your CPF, just put it lah. Think about is $36/year after 40 years how much only (though I know the premium will increase with age, but i think $46k is still better than what u paid).

Anyway DPS, is for your kins. When you "move on to another place", they can use the money to give u a grand funeral, thats what I told my friends haha

34 and below $36
35-39 $48
40-44 $84
45-49 $144
50-54 $228
55-59 $260

Total add up, I doubt got $46k

Just treat it as a term insurance that covers u till 60.
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Thanks for the layman explanation, appreciate it! :)
 
Asphodeli

Asphodeli

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pcmdan said:
Yes I agree, is subjective. But u using the example of Waterloo snake medicine, i think is an over statement.

Nevertheless, you get the gist can already.

Like i said a few times, I provide alternatives. eg. SGS bonds. I dont purely say look for 0 risk high returns product in the market.
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No la, I think it's appropriate. Some of the bottles work, and others don't. Problem is, how many % of the bottles sold there work? ;)
 
Shion

Shion

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Putatives said:
Ok guys, I have decided I am going to drop this PruflexiCash and opt for a Life Insurance instead. So many things to understand :s11:

Oh I just read my policy it is PruFlexi Rewards, not PruFlexi Cash.
No difference hor. Haha.

https://www.prudential.com.sg/corp/prudential_en_sg/solutions/save/PRUflexi_rewards.html

They make until so nice like that.
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The cashbacks for PruFlexi Rewards is higher as compared to PruFlexiCash

Maybe you will like to take a pic of your benefit illustration and surrender value illustration and post it here...
 
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bibu00

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Why need to aruge. Read my thread and all about this policy will be made clear.
Bottom line is, thanks ts for contributing another bmw to prudential carpark.
 
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Putatives

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bibu00 said:
Why need to aruge. Read my thread and all about this policy will be made clear.
Bottom line is, thanks ts for contributing another bmw to prudential carpark.
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BMW? more like an AUDI, my agent very good send me home with an AUDI. hahahaha.
 
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Putatives

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tokyodrift said:
Smart choice to drop it (while you still can). Don't waste time with endowment.

Financial literacy is seriously lacking if a person is afraid to invest, yet has no qualms signing a long time commitment with a 'stranger'. The irony.
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So true... :(
 
Shion

Shion

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Post for you

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Shion

Shion

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Btw did the agent tell you this is a savings plan ?
 
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