Believe it or not, I'm an agent for so many years and I swear to God that I never ever sold a policy that prioritise my commission first. Needless to say, not all agents r like what u all said.
And FYI, investment link policies r much more lower than any traditional policies. I would say there r a lot of unscrupulous agents out there and u just have to buy from someone whom u can trust and will be there when it comes to claims.
As for comparison, there's nothing much to compare as insurance r much or less the same in terms of prices. The only thing that u need to compare is 1. Benefits of medical card (credit limits, hidden t&c, kidney/cancer cap) and most importantly 2. Insurance agent. To some, an agent might be earning a lot. 6 years of commission but whole life of after sales service.

what after sales service? My pariah PRUDENTIAL agent been MIA for years now. 

Sorry but from your attachment, I can't really analyze what kind of insurance plan is it.
Definitely not Investment Linked.
Looks like endowment, but so far there's no cases where maturity value is less than what you paid.
Maybe Hong Leong assurance agent can explain it.

what after sales service? My pariah PRUDENTIAL agent been MIA for years now. 

what after sales service? My pariah PRUDENTIAL agent been MIA for years now. 

Zack Styler, pay for 15 years and at year 20, the amount is slightly double the amount u saved. To me, isn't a good deal.

I saw other plan, pay 6 years will double at year 20 (35 yrs term). Another plan, pay for 10 years and will double at year 20 (till age 88)

Just as comparision from my personal experience.

When I buy unit trust, I receive an investment report on market trends every month. I get to meet my financial advisor whom I bought from, and we can casually discuss on what's the best financial route, since they are typically investors themselves. They will advise me on how the invest.

So I'm kept informed all the time about how much and where the investment should be.

When I buy unit trust from an insurance company, I only get a half yearly report on how fund value. I get to see the agebt when premium is due and I can't discuss investment from the agent cos they probably did not invest themselves. But I get a birthday card every year from my agent.

Which sounds more financially wise?

In the case of my mum, I think she only got a yearly report which doesn't even tell how much fund is left. There is a Compound Revisionary Bonus which is misleading because there is an undisclosed sum deducted from it as expense. In my mum case, the yearly CBR report shows the sum closing to 60K, which is why no alarm was raised. My unit trust, I know what is the charges.

Someone replied this topic and it goes to the first page, or else I won't be able to see it and reply.

Investment-linked product not always a bad choice. It just like in unit trust. You should know when to move to equities, when to switch out to fixed income, how to lock-in profit, when to do your "dollar cost averaging", etc.

I doubt many agents actually do that for their clients but policy holder should be aware they can switch funds depend on the market.

Another way to have some sort of investment is to buy whole-life policy. Haha, Mtsen will not agree to this as he is PRO on, buy term invest the rest but try to take another look on it.

In whole life(participating polic), your premium (actually is additional prem you paid) will be so-called "invested" in the company operation and investment, and when the company's profit from it, you get some "dividend".

For me, performance of participating fund is far more secure that units in investment linked as performance of insurance company but it cannot generates return such as 20% a year.

Well, high risk, high return but make sure you know how to manage them.

tips: for those who does not know or not sure on when to move to equities, switch to bonds can have a look at strategic funds like Lion Progressive Funds in which the fund manager will decide on when to focus more on equities/bonds.
Btw, If you ever need to switch investment link insurance funds(let say from a risky fund to another defensive fund), you only need to fill in form, no fees and charges are required, unlike unit trust.

Are u aware that u are replying to a 4 years old post?

Are u aware that u are replying to a 4 years old post?

LOL lagi lagi investment ... mana ada? 

I see a number of insurance topics and I just wanted to share my experience about buying investment linked insurance, which I feel is a very poor financial decision.

My mum bought a investment linked life policy about 20 years ago. The agent told her she would get back 60K++ upon maturity. We still have the paper document on that. My mum is illterate, so she trusted the agent who was her friend and bought it. Luckily, all was well we didn't need to make any claims. Fast forward to now, she received a letter stating the policy would mature in two more years, but she would only get back 18K.

I can understand if the amount is 50K even 40K but at 18K, it is 70% difference. I wrote in to the bank asking them why the amount differed so much. Their explanations was due to poor investment made in 1997, that's why it was so low. I don't buy that, I gonna write to Bank Negara and maybe sue them for false selling (anyone can help?).

Anyway, personally I do buy insurance but without investment. I pay a fixed sum yearly which covers everything in case of hospitalization to death. My premium is only 15% compared to an investment linked policy. My insurance agent always try to psycho me to buy investment linked polices, saying one must always invest. No thanks, I will use the 85% of not paying the premium and invest on my own. The insurance companies can't invest better, and the only reason they want to sell you investment is besides comission, they get 5% of the investment performance. Look at my mum's case, they got all their comission all these years, and the losing end is people like my mum.

If you have any investment linked insurance, check your maturity value. You can probably do a lot better financially than to leave it to the "experts". For those who will ask anway, the insurance policy is from Hong Leong Assuarance.