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 Insurance + investment are bad financial decisions

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beena
post Jun 15 2009, 04:00 PM

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Joined: Aug 2005
From: Puchong-Shah Alam



[quote=imtrobin,May 3 2009, 03:09 AM]
I will just reply in one thread

The bank is Hong Leong.

The agent has already long left the industry.

I'm not sure the exact plan my mum took, it's some kind of whole life policy, ALP, or something where the returns are reinvested into. I think she put in 24K total. No she never took out the money or do a claim before. When my mum bought it, I was but a mere boy.



I guess this is traditional ins plan called flexicash. Can opt to pay premium for 8 yrs only. but advised by HL ins continue pay as auto premium actually deducted fr. insurance (money receive at maturaty time).

 

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