Terminated my PruFlexiCash

[Value.Matrix]

How about PruSave? Is it worth keeping? I have another AIA smart sth. I can’t rmb. It’s around 100-150 per month for both. Dumb enough, gotten them both because of friends who were working as agents. (Now all gone)



Hey Value.Matrix. Am I able to send you a pm asking for your advice and if quote for surrender value? Thanks!

Sure go ahead. Like I say, I normally give 10% above SV but still case by case basis. But if you are halfway mark, go and get the updated BI. The guaranteed portion should be much higher now compared to when you first saw it.

 

[twinbaby]

Quite bs, the guaranteed value is lower than the total premium paid till date?

 

[wetdreamx]

actually I can empathise with your story.

it's true, some UOB bankers/agents are very aggressive when promoting such products (including mine). can see their face change (between happy/unhappy) when we say yes/no to their recommendations.

every meeting will take opportunity to sell this, sell that.

but at the end of the day, the onus is on us to stand our ground and understand the product well enough before signing or walking away. sometimes the product is really suitable and they helped to crystallize the outcome for us. so you must be very clear minded when you meet your banker. don't get swayed. now got 14-day free look 'protection' too, so always check that you are satisfied with the terms.

endowment plans... is really a long-term game. cannot easily give up halfway (imagine all the surrendered plans - how much is prudential reaping from the person?).

Got conned by a UOB banked when my mom and I wanted to put a fixed deposit.... good game.

Paying $300 monthly since 2009

 

[havetheveryfun]

Quite bs, the guaranteed value is lower than the total premium paid till date?

yes.. but if u think about it logically, it should be the case - due to the insurance portion it tries to include. pure endowment plans usually can at least guarantee 100% of your premiums paid (even if you earn nothing else) because you don't have to pay any extra cost towards the insurance portion

 

[oceanicmanta]

How about PruSave? Is it worth keeping?

it depends when u bought it but generally it is also not good

my PruSave after 21 yrs only return 0.6% pa

at 26 yrs, the "projected" return is 2.5% pa ... so for me, i keep since its another 5 yrs to hit my target return & hope markets dont go crazy then to affect the termination value

 

[Kevin10]

Oh.. Pruflexicash, my wife also got 1 pruflexicash currently signed from UOB as well.. Now dunno want to cancel anot. 5years already and monthly around $100. Any advice ? thanks.

 

[boredboiboi]

Oh.. Pruflexicash, my wife also got 1 pruflexicash currently signed from UOB as well.. Now dunno want to cancel anot. 5years already and monthly around $100. Any advice ? thanks.

How many years to go? What the surrender value now?

 

[Kevin10]

How many years to go? What the surrender value now?

Still got 20yrs to go. . Surrender value not yet checked but will check soon.

 

[boredboiboi]

Still got 20yrs to go. . Surrender value not yet checked but will check soon.

If nv lose much, think is good to surrender

 

[Kevin10]

If nv lose much, think is good to surrender

Noted, thanks Boredboiboi.

 

[boredboiboi]

Noted, thanks Boredboiboi.

Welcome. =)