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 Retirement Planning.

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SUSMNet
post Dec 4 2016, 05:03 PM

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QUOTE(xuzen @ Dec 3 2016, 08:34 PM)
Consider this thus;

a) Your premium is RM 8,000.00 per annum.

b) Your premium is RM 10,000.00 but you will get 20% guarantee return at the end of the year.

Which one sounds better to a lay person?

Hint: you are still paying the same premium.

Xuzen
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I'll chose this b) Your premium is RM 10,000.00 but you will get 20% guarantee return at the end of the year.
xuzen
post Dec 4 2016, 05:44 PM

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QUOTE(MNet @ Dec 4 2016, 05:03 PM)
I'll chose this b) Your premium is RM 10,000.00 but you will get 20% guarantee return at the end of the year.
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Good good! Spoken like a true blue lay person!

Let's put it into number for illustration sake:

I pay you RM 10,000 today to pay for a service and at the end of the year you give me a rebate of RM 2,000.00 (20%).

versus

I give you RM 8,000.00 today for the same service. There will be no rebate at the end of the year.

Take a little bit more time and think through.....

Xuzen

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