Pruflexicash

[Pikapok]

Really can save?? The agent keep tell me can save and will get back more

 

[Pikapok]

If anyone know about the policy can share with me

 

[mynickname]

Banks like to sell this. Good return for them.

 

[shareholder]

Low annual returns of about 1.5% for 15 yrs with death/tpd benefit according to their website example. Personally will not go for this plan, looking at higher returns of at least 5%.

 

[khenwooi1]

have it. and it is useless. paid 4 / 20 years so far.

 

[mSnooze]

lousy returns.

 

[Shion]

Not capital guaranteed and your guaranteed maturity amount is low when you compare with your total premiums paid.

 

[Shion]

http://talkmoneylah.com/did-your-banker-pruflexicash-review/

 

[JuniorLion]

PruFlexiCash is a protection policy, not so much of a savings policy. As such, the protection coverage is high, but the savings returns is low.

At the end of X number of years, if nothing happens to you, you get some small returns (e.g. less than 2%). If you want to protect, go term CI. If you want to save, go for pure savings policy.

 

[SBC]

Having one too. Paying for about 5.5 years out of 15 years.

Any good exit plan?

 

[HWZ1973]

Thus plan is lose money one, the exit plan is to cut lost asap.

 

[mSnooze]

PruFlexiCash is a protection policy, not so much of a savings policy. As such, the protection coverage is high, but the savings returns is low.

At the end of X number of years, if nothing happens to you, you get some small returns (e.g. less than 2%). If you want to protect, go term CI. If you want to save, go for pure savings policy.

Opposite, it is a endowment policy with a compulsory added rider. Price of rider depends on the age that the policy is sign.

Return varies from number of years to the amount saved per year.

 

[JuniorLion]

Having one too. Paying for about 5.5 years out of 15 years.

Any good exit plan?

I'm a buyer of second-hand endowment/savings/life policies. You can see my thread here: https://forums.hardwarezone.com.sg/...azaar-261/wtb-insurance-policies-5714739.html

However, I've studied PruFlexiCash in depth for a while, and concluded that this is one such policy that I would not touch.

 

[a4973]

I'm a buyer of second-hand endowment/savings/life policies. You can see my thread here: https://forums.hardwarezone.com.sg/...azaar-261/wtb-insurance-policies-5714739.html

However, I've studied PruFlexiCash in depth for a while, and concluded that this is one such policy that I would not touch.

@JuniorLion just asking your opinion, would you touch AIA LIFE ENDOWMENT SPECIAL?

 

[JuniorLion]

@JuniorLion just asking your opinion, would you touch AIA LIFE ENDOWMENT SPECIAL?

For forum etiquette reasons, maybe we can discuss this over in my thread? Don't want to hijack this thread.