Qns on endowment plan.

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anfielder

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dendii said:
Well true to a certain extent. But having all endowments without any proper protection coverage is just plain toxic planning.
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Probably difficult to convince the older generation to buy term plans since they won't get anything back.
 
Layers

Layers

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dendii said:
Well true to a certain extent. But having all endowments without any proper protection coverage is just plain toxic planning.
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no insurance. Not also cannot buy due to chronic illness or too costly.

Manage to persuade my father to get a Shield plan only when they knew my aunt got buy...

Always like tat, dun trust their children but listen to rumours and other ppl

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mrclubbie said:
Agreed, they wanna see returns
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the thing is they have a misconception of stock being stuck in ther market cannnot get out.

And they dun understand in %. They only understand 1 yr get how much.

I was trying to open uob one and I explain untill vomit blood. on the day to open. She still dun understand.

I ask the staff to explain to her. Lagi worst. The the staff say too complicated for my mum and ask us to buy endowment. Wtf man.

I just go ahead and open. Now they happily get the $.

But i use the Interest too buy some reits for them

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akwl88

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if ur parents do not have any dependents, it makes no sense to get insurance for them since it will be very costly at their age

medishield life is there as a basic
 
zzxiaoboizz

zzxiaoboizz

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Layers said:
the thing is they have a misconception of stock being stuck in ther market cannnot get out.

And they dun understand in %. They only understand 1 yr get how much.

I was trying to open uob one and I explain untill vomit blood. on the day to open. She still dun understand.

I ask the staff to explain to her. Lagi worst. The the staff say too complicated for my mum and ask us to buy endowment. Wtf man.

I just go ahead and open. Now they happily get the $.

But i use the Interest too buy some reits for them

Sent from Sony E6853 using GAGT
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can see u try very hard, no wonder those 20% scam cases can succeed.....
 
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akwl88

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akwl88 said:
https://www.moh.gov.sg/content/moh_...emium-subsidies/subsidy---premium-tables.html

https://www.moh.gov.sg/content/dam/...ans/Comparison of IPs-Pte plans(1Mar2017).pdf

medishield life premiums come close to 500 plus for age 61-65 after subsidy

pte hosp plan cost ard 1.8k

total per pax ard 2.4k annual premiums

can ur parents afford that for 5 yrs and after 65, pay more again for the next five yrs and continuously?
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but paying 2.4k to mtigate more expenses is legit?

Even Ak said so leh.

Anyway only my faster can buy

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