education plan at http://www.pk31-edu.blogspot.com
What's the best option for your child saving, Got a newborn and wanna start planning
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 Sep 16 2011, 05:00 PM
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Sep 18 2011, 09:22 AM
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QUOTE(Skidd Chung @ Sep 18 2011, 08:31 AM) I'm also planning for this. Seems savings plan are just to 'force' people to save but I wonder if the cost of withdrawing early is worth it or not. Isn't unit trust better or is it because it is more risky that's why people prefer savings plan? At least unit trust can stop payment anytime am I right? No, the commssions are diff.Added on September 18, 2011, 8:33 am Is it because agents only get commision for 6 years of the policy? This would make sense why they pushed more for 6 year policies since it will benefit themselves more since every year a larger deposit is made. Not sure if savings plan also same like unit trusts in terms of comissions.  both has pros and cons. saving plan (insurance) - more on health protection - cannot stop halfway - conservative on investment preservation. unit trust, - more on investment. - hv free ins. (if any for certain funds) - can stop halfway. - preservation depends on type of risk factor. higher the risk, lesser the preservation. - optional to swtich funds to lock profits and max the returns. unit trsut can give higher return than ins saving plan over the time. everybody should hv ins and unt trust seperatly. if u interested on UT, u can PM me at kparam77@yahoo.com for more detail. pls read my blog on education plan http://www.pk31-edu.blogspot.com |
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