Hi, Want to ask those all "Shi Fu" here, is HL Weath Builder plan worth to buy?
(I can be say just start my working life - Fresh Graduated)

there was a thread discussing this before. Make sure you read it before committing..

erm...i think u should fully know the whole plan process ... where r u living?seejun

Yes worth. I am selling it. End of 30 years get 4.5 times more

how much to invest? sound like quite good

That 4.5 times, is it guaranteed?

http://www.hla.com.my/abouthla/news/news.a...elease_20100721

Is this the plan u r talking about? But lack of detail..mind sharing, please?

i read from the other thread that was opened for HLA Wealth Builder, one of the TS said that this scheme will end 10 Feb this yr .. but looks like it is still on-going... is this a tactic used by the agents to create urgency in their clients to purchase this scheme?

If 30 years more or less guaranteed, this is long term. Not 10 years plan
Still on going

Not guaranteed! No such thing as guaranteed in insurance saving plan although some parts are guaranteed. Read all terms and conditions before committing, as insurance savings plans are long term planning, not a flexible withdrawal scheme like FD.

thats why stress 30 years.. then see money. can withdraw but better u leave it inside.
good for those who have extra cash.
dont put all in properties.
can meet u up to explain. or send agent to meet u.

This post has been edited by airline: Apr 13 2011, 04:20 PM

>.< how much leh.. need to see whether can afford or not leh coz got lot of commitment recently

good luck..

http://forum.lowyat.net/index.php?showtopic=1786100&hl=

There is no such thing of "more or less guaranteed"

Only yes & no.

I just don't quite understand why insurance advisors like to compare saving plans with FD's. These are products that works on a totally different mechanism.

Insurance saving should not be compared to other financial tools out there. People will not compare Unit Trusts to FDs, or Shares to Gold right? Insurance saving plans is just another financial planning tool to compliment with ones EPF savings where money is locked in a certain period of time and at the end you withdraw.

So regardless of which company one chooses, it still boils down to the same principal - LONG TERM SAVINGS and NOT meant to be withdrawn anywhere in the middle. Also it works exactly like EPF when the policy holder dies, the money will be given to the beneficiary/s without falling to ones estate but other investment vehicle falls into ones estate.

So conclusion, just diversify and see what suits who and what suits what saving/investment portfolio. Remember, regardless of how much insurance savings guarantee or project, this is NOT the place for one to make sky high rocket returns.

So to choose the right insurance saving plan, go for the below approach:
1. The right agent - HOW? Ask him or her to show u the exact official quote from the company he/she represents. Do not believe in whatever Excel format created. Ask him or her the major drawbacks of it, and if they do answer, then u know he/she is professional. Else CABUT!
2. Choose the right commitment term. Terms ranging from 6 yrs to 25 years endownment.
3. Make sure the commitment amount is comfortable to you. Dont pay insurance and left NOTHING to eat!
4. Choose a well known company.

Just my 2 cents. Hope this will help

Hmm, protection first before start saving for long term is it a better choice?

Hello, which area in Malaysia are you in?

interesting what plan is this~
pm me

Have a read on the topic rahizan posted or this: https://forum.lowyat.net/index.php?showtopic=1231190
Then make your own decision.
More queries can be posted at either topic.

/CLOSED