dont understand wat u say?

From where? HLA?

What's the difference with the previous Cash Builder? https://forum.lowyat.net/index.php?showtopic=1231190

yup. Product is very new and the HLA webpage isn't updated yet as of now.
This is a new scheme to replace the HL Cash Builder (CB). Basically, it let the policy owner the flexibility to choose the amount of GYI he/she wish to receive and when he/she wish to receive. Secondly, the maturity period is longer than CB (CB is only up to 35 years). Basically this is a better plan to hedge against any unwanted events (TPD & early death) compared with CB depending on the riders taken. This plan also allow the policy owner to attach up to 50 riders (medic card, PA rider, CIR, etc) for an even more comprehensive protection. I am still working out a few plan which will yield the best return rate, so no figures will be given out for now.

This scheme is very new and the reason why I opened this thread is to provide a reference on this scheme for the time to come. In future, everyone can refer to this thread for advices, POVs from a different perspective and to discuss about this plan when they have an interest with it.

[color=red]
An innovative and flexible participating whole life plan up to age 90 with Guaranteed Yearly Income (GYI).

Guaranteed Yearly Income from year 1 up to age 90
payable from end of 1st year onwards up to age 90. GYI can be withdrawn OR deposited with the company to accumulate interest (5.5% as of today) from time to time.

9 or 12 year commitment
Short term premium payment commitment, long term coverage.

[High Death & TPD coverage
100% of Outstanding GYI or *9 times of GYI or *Cash Surrender Value, whichever is highest.

*Additional 300% coverage on accidental TPD
In an event of TPD due to accident, an additional 300% of Guaranteed TPD shall be payable

Guaranteed Maturity Benefit of 9 times of GYI
a maturity benefit of 9 times of GYI payable upon maturity.

Is this endowment plan?
GE had lot of these plans...so whats the big difference HLA offered?

LOL, a saving plan mature only when reach 90 years old? 

I certain not suit to it.
I don't think I can live up to 90, even can already blur blur until forget what is insurance plan that I had.

If I really care about insurance, death benefit, I would rather get a whole life term policy to cover death and TPD.

Just my personal preference, as personal view there is no logic to have a saving plan mature only when reach 90.

---

Added on December 6, 2011, 10:58 amTS, there is too little info provided for details discussion.
No mentioned about sum assured, and details of it.

Only stated 5.5% on GYI.
How about the principal lump sum?

---

Added on December 6, 2011, 11:00 am
This is TPD due to accident only, what about TPD due to sickness/disease?
When getting old, the chance of TPD due to sickness is way way higher than accident.

All the post only mentioned GYI, not touch on principal amount/premium already paid.

---

Added on December 6, 2011, 11:03 amI think it is much better to put all the number in a table, just like most saving plan brochure out there.
9x GYI can be confusing, and people do not know how much they are getting.

Basically for this plan, all you got to do is to ask yourself how much do you wish to earn for the next X amount of time, where X is the next 20 years, 30 years or 40 years. From what I know so far, if one wish to get GYI of RM 10,000 for the next 20 years (Income Builder + Income 20), the premium will be around RM 27,000 per year. In addition to the GYI RM 10,000, there will be a cash dividend of RM 2,000 payable very year. Of course, the premium paid will also determined by age and gender factor so it may vary.

LOL, Rm27,000 premium pa.
Assuming 9 year commitment. As stated 9-12 years commitment).

27k x 9 years =243k
20 years 10k = 200k + cash dividend 2k pa = 240k

I better off with put 243K earn 3% FD interest and pay myself 10k per year.

As said we need to compile the table to see the clear picture, if not even we talk so much also useless one without those details. 

---

Added on December 7, 2011, 12:58 amDon't just keep on stressing GYI, how much you want every year, it is the premium that matter the most. 

I guess, on top of the 243k that you're taking in as your initial capital the 240k is a return that you'll get, so in total you're getting 243k + 240k after X number of years...

May I clarify what's X?

Those who bought these cash builder / wealth builder plans and other similar 'save 6/8/10 years' plans, thinking its a great savings plan for your retirement, I wish you all the best in your retirement years. Hope you have other backup plans as well.

Do remember to keep in touch with the agent till the day you die because you are gonna to        the agent for CONsulting you into a        so called  forced savings plan.

And as for the agent who sold these plans, after year 7 of the policies sold, do a disappearing act, save your skin. Make damn sure you are no longer reachable by year 11.

For those in the dark, here's a bit more,

Year 1 commission paid to agents who sold you these so called savings plan is a min 17.5% of your premium paid to the cash/wealth builder plans.

Now agent CONsult you to 'save' $500 per month, 17.5% or $87.50 per month goes into agent's pocket, this excludes overriding commission paid to agency managers and what have you expenses of the insurance company. Easily 60-70% of your premium paid is gone for all these expenses. That's $350 per month gone. So you actual start savings with close to ZERO ringgit. And this will go on for 6 years on a reducing basis. (Now you know why the minimum period for such plans is 6 years.)

Ever wonder why agents tell you NEVER TO WITHDRAW within the 1st 6 years? Cuz in your so called savings plan, its EMPTY/KOSONG. Notice that if you surrender with 1-3 years, its ZERO meaning NO MONEY BACK.

Now ask yourself this when the GOVT increases the service tax from 5% to 6% or when your local mamak increase your fav teh tarik from $1 to $1.30, you bising like no tomorrow, the hell with the govt, fxxk this mamak, i never coming back again, but when your agent CONsult you a so called savings plan which quietly eat 60-70% of your so called savings premium, why you never bising?

If these cash / wealth builder are so good, why take 30 years to mature? Why lock your own money and subject it to others placing terms & conditions on your own money? Ever heard of APL and how much it can charge you interest for late premium payments? Nice for some companies to charge you interest on your own money, just nice.

And use your brain for a moment, can an insurance company ever paid interest higher than a bank on the capital sum with a guarantee? If yes, why isn't there a queue at every insurance company with people signing up such cash wealth builder plan? Why do insurance companies still need the agents to CONsult you? Similar to buying iphone 4s, so damn good that people auto queue, you see any agents CONsult the queue?

By the way, why isn't Warren Buffett and Jim Rogers queuing as well for the great savings plan? 

Now look at this from another thread, save 28000 per year, get back 8400 till Year 30.
Ask yourself and use some sense,
1) how much is your salary today? close to $28000 per year?
2) how much is your expenses today? close to $28000 per year?
3) can you live on $8400 per year?

If you cannot afford $28000 premium per year, that's means the you can only lower premiums which directly meaning your GYI is lower as well. Say you can afford $6000 premium per year, your GYI is probably around $1800 per year. Now, in your retirement, can you survive on $1800 per year? What a great reCONmend from your best buddy agent for your retirement.

You only want to meet your INSURANCE agent, SLL or otherwise, for PROTECTION policies and CLAIMS, and not for any other reasons apart from these.
HAHAHAHAHAHA 

LOL, Rm27,000 premium pa.
Assuming 9 year commitment. As stated 9-12 years commitment).

27k x 9 years =243k
20 years 10k = 200k + cash dividend 2k pa = 240k

I better off with put 243K earn 3% FD interest and pay myself 10k per year.

As said we need to compile the table to see the clear picture, if not even we talk so much also useless one without those details. 

I don't like Insurance Investment product as its brings 4% profit (Allianz) only compare to Bond, MM, Equity or Stock.

hmm recently i heard a saving product from Hong Leong(dont know its HLA or HLB), which seems to be targeted to only HLB top clients since I found no information about this product on HLB website.supposed to be offering 19% pa interest,and if financial performance is good additional bonus.however the catch is you have to deposit a lump sum of min $100,000 yearly.

Agents fishing for water fish again.

Till now, many agents are just product pushers, 2 days ago this HLA agent promoted this cash builder to me, she was promoting it like the BESTEST SINCE SLICED BREAD, then she excused herself when i ask her to factor in inflation and how does she expect me to survive on that kacang putih GYI amount and did she herself bought the plan?   
let me repeat my post from the other thread.

oops, sorry for the late reply 
rarely comes in here (F.B.I. House) and was busy since last month is the final month for cash builder.

I am still amidst of exploring and creating the most comprehensive plan so please be patient. That Rm27k premium per year, like you said is plain ridiculous. lol
True enough. Each type of investment plans has their respective pros and cons. These type of plan are most suited for those who is not game for high risk high return type of investment.
TBH, that's not interest. Guaranteed Yearly Income and Cash Dividend cannot be classified as Interest. Interest can only be used by banks for their products but not Insurance related returns. And you can also choose to put RM10,000 yearly, not necessarily minimum 100k per year. Anyway, that plan has already ended now. 
I couldn't comprehend why most people here are so curious and some to the extend of making a ruckus about the agent's commission part. When you people are queuing up for an iPhone, the SA who serviced you also get commission out of your RM2,400 paid. When you're buying a car, lets say a BMW 3 series, the SA also get RM 28,000 out of the price you paid. Even something as basic as buying clothes from your favourite departmental store and the promoter also get some commission out of your purchase. Why you never bising? Just because we have the capability to earn a huge cheque within a short period of time and you want to call us scammers, liars and scoundrels?

From the wall of text you've posted, I do have cases of client wanted to terminate their cash builder after the first year of inception and after some calculations done, their Surrender Value is not ZERO as you have said. APL and interest for late premium payments will only happen if you happen to be commit yourself into the plan. I wouldn't approach and sign someone who need to take huge chunk out of their yearly paycheck to pay for the premium. These type of plans are meant for those with excessive cash reserves in their bank accounts who wish to yield a little more higher returns than the conventional FD.

This is a typical sales thread disguised as a discussion thread. Many of those around here lately... 

sometimes you doesn't know what you're talking. And when I say do not solicit for any sales, I really mean it. DO you see me begging for sales in any of the posts above? I purposely opened this thread is to serve as a reference for netizens and to prevent agents giving wrong info as can be seen from the previous Cash Builder scheme.

If you dont like what you're seeing here, then just turn away. Likewise, I'll do the same by ignore you to prevent any further derailment of the topic which serves no purpose of understanding the product even more.

My friend offered me the income buider plan which gives us a return of 30%.
I was like really? i dun really know about it. he showed me the plan and all,
and i was quite amaze but , 30 % is a lot. is it true guys?

243K is your premium paid.
They do not say paying back fully your premium paid + guaranteed GYI + cash dividend.

GYI /= your return

GYI = the money they return/pay back to you every year ,
not return on the premium paid.

GYI can be including your initial premium + return.
GYI is similar to guaranted cash back endowment plan. Just instead of using cash back, now they use GYI.

It just said you paid 243K for 9 years,
then every year you get RM10k + cash dividend , until x years.

Above just interpretation of the info provided in this thread/forumers.
I do not know the exact plan details, as there is not enough info provided in this thread, so I could be wrong in the above interpretation.

My friend offered me the income buider plan which gives us a return of 30%.
I was like really? i dun really know about it. he showed me the plan and all,
and i was quite amaze but , 30 % is a lot. is it true guys?

Scenario B:
Lisa is 28 this year. She wish to receive a GYI of RM 5,000 per year when she is still employed and RM10,000 per year when she retires from her job. Hence, the plan which suits her would be Income Builder + Income 40 + Income D-40 Rider. The Income Builder will give a GYI of RM 1,000 per year right up to Lisa's age 90. The Income 40 will give an additional RM 4,000 for the next 40 years and when she retires at age 68, the D-40 GYI of RM 9,000 kicks in when she reach the age of 69 right up to Lisa's age of 90.

an agent came to me and let me know of this.

deposit 3k per year. thats around 250 per month. deposit for 6 years. will get 500 annually until age 90

i will get back 500 as 'reward' per year starting from year 1 and if not withdrawal of the 500 every year, can get 5.25% return from the 500. this is accumulated. so first year is 500X5.25% (=A). next year will be (A+500)X5.25% (=B), third year (B+500)x5.25% and so forth

the 500 will be paid annually upo to age 90

for the 3k, will be given some dividend depending on economy, so he said. the rate is better than fc but usually no more than 7%

i did some calculations but just needed some view from you guys... calculate calculate... seems like... doable to me? but i sense something is wrong somewhere... hope u guys can enlighten me

thanks

an agent came to me and let me know of this.

deposit 3k per year. thats around 250 per month. deposit for 6 years. will get 500 annually until age 90

i will get back 500 as 'reward' per year starting from year 1 and if not withdrawal of the 500 every year, can get 5.25% return from the 500. this is accumulated. so first year is 500X5.25% (=A). next year will be (A+500)X5.25% (=B), third year (B+500)x5.25% and so forth

the 500 will be paid annually upo to age 90

for the 3k, will be given some dividend depending on economy, so he said. the rate is better than fc but usually no more than 7%

i did some calculations but just needed some view from you guys... calculate calculate... seems like... doable to me? but i sense something is wrong somewhere... hope u guys can enlighten me

thanks

You commit 18k total.
Every year you get back Rm500 pa. You need 36 years to get back the original 18K you commit! 

If one is 30 years old, mean when 66 years old time, you get back the original 18k, disregard how much potential non-guaranteed dividend/bonus first
Sound good?

if you look properly, i think the ROI not included the amount of premium u paid over 3 years...

Cash builder is a very POOR WAY to save for retirement as it yields are poor. And to make things worse, the sum assured is very low in relation to the premium paid.

Why would anyone want to use a cash builder or any similar endowment policy aka save 5 years, save 10 years for a savings plan?

Agents promoting such plans should be shot.

Do you people know how low is the yield ? FD rates are even better.

Do you know how much commission the agent is making from your monthly premiums? Minimum 17.5% before bonus from the premiums paid. You put in 100, agent take 17.50. You understand?

Do you know how low the sum assured is? You can easily buy 5x more coverage with whole life policy with the same premium paid for endowment.

Now ask yourself, can you survive on $500 per year? I don't about you but I need at least $300000 per year. Now imagine how much premium I have to paid for cash builder.

first of all thanks for the reply.
how i saw it (or made to understand) was like this:
1st year
put 3k get back 500. thats around 16.7%. plus the 5.25% from the 500 if not withdrawal. plus interest for the 3k

2nd year
add 3k get back 500. thats around 16.7%. plus the 5.25% from the 500 if not withdrawal. plus interest for the 3k

7th year
no need to top up, let the 18k (plus whatever interest it already accumulated in the 6 years) run its course), and get 500, also getting 5.25% to all the 500s (assuming no withdrawal).

well it does sound too good or am i doing the calculations wrongly here? pls help 
thanks for the reply. can i say its 500 for every 3k invested? pls enlighten me 
thanks for the reply
assuming its only about 3k per year for 6 years, 500 every year (first 6 year, 500 return from 3k) and 7th year onwards no need to top up... sounds too good? or am i missing something here?

thanks for the helpl 

bought that plan few yr ago......

first of all thanks for the reply.
how i saw it (or made to understand) was like this:
1st year
put 3k get back 500. thats around 16.7%. plus the 5.25% from the 500 if not withdrawal. plus interest for the 3k

2nd year
add 3k get back 500. thats around 16.7%. plus the 5.25% from the 500 if not withdrawal. plus interest for the 3k

7th year
no need to top up, let the 18k (plus whatever interest it already accumulated in the 6 years) run its course), and get 500, also getting 5.25% to all the 500s (assuming no withdrawal).

well it does sound too good or am i doing the calculations wrongly here? pls help 
thanks for the reply. can i say its 500 for every 3k invested? pls enlighten me 
thanks for the reply
assuming its only about 3k per year for 6 years, 500 every year (first 6 year, 500 return from 3k) and 7th year onwards no need to top up... sounds too good? or am i missing something here?

thanks for the helpl 

Hi All,

I am HLA agent too.
Let me state an example for you all for clearer understanding about the Income Builder
EG: Female, Age 27
Save with HLA Income Builder for 6 year

Saving: RM5,186 per year or RM453 per month
Total saving in 6 years: RM31,116
Guaranteed Yearly Income: RM1,000 per year up to 40 year (Female, Age 66 by then)

2 options available for the Guaranteed yearly income:
1) Accumulates with HLA with compounding interest 5.5% (by age 66 Female will have RM195,039 as retirement fund based on Scenario A return of 6.5% with HLA)
2) Withdraw yearly income - RM1,000 cheque sent to Female yearly (by age 66 Female will still have RM58,434 as retirement fund based on Scenario A return of 6.5% with HLA)

HLA sticks to Scenario A for all our product for more than 10 years in history with proven memorandum.
  Personally i think this is a really good plan but in the end still coming back to the real purpose of the client before start committing.
This plan definitely won't make you richer, however it can give you peace of mind if you start with an affordable premium and planned what the fund is meant for in the end.

Main Benefit: Short saving period, long term guaranteed return.
PS: Of course if you comparing with EPF, RM195k sure not enough for retirement. But bare in mind, you only save for 6 years here, just treat this as a reserve fund. Unlike EPF which you save month by month, until age you can withdraw EPF. That of course will become alot of money 
Best regards to all and happy saving,
Flora

Hi All,

I am HLA agent too.
Let me state an example for you all for clearer understanding about the Income Builder
EG: Female, Age 27
Save with HLA Income Builder for 6 year

Saving: RM5,186 per year or RM453 per month
Total saving in 6 years: RM31,116
Guaranteed Yearly Income: RM1,000 per year up to 40 year (Female, Age 66 by then)

2 options available for the Guaranteed yearly income:
1) Accumulates with HLA with compounding interest 5.5% (by age 66 Female will have RM195,039 as retirement fund based on Scenario A return of 6.5% with HLA)
2) Withdraw yearly income - RM1,000 cheque sent to Female yearly (by age 66 Female will still have RM58,434 as retirement fund based on Scenario A return of 6.5% with HLA)

HLA sticks to Scenario A for all our product for more than 10 years in history with proven memorandum.
  Personally i think this is a really good plan but in the end still coming back to the real purpose of the client before start committing.
This plan definitely won't make you richer, however it can give you peace of mind if you start with an affordable premium and planned what the fund is meant for in the end.

Main Benefit: Short saving period, long term guaranteed return.
PS: Of course if you comparing with EPF, RM195k sure not enough for retirement. But bare in mind, you only save for 6 years here, just treat this as a reserve fund. Unlike EPF which you save month by month, until age you can withdraw EPF. That of course will become alot of money 
Best regards to all and happy saving,
Flora

you understand what you are selling ?  

Rm195,039, a guaranteed return? 

I suggest some company come out with another shorter save plan like 3 years with Rm10k per year?
Can claim even shorter saving period. 

Cash builder is a very POOR WAY to save for retirement as it yields are poor. And to make things worse, the sum assured is very low in relation to the premium paid.

Why would anyone want to use a cash builder or any similar endowment policy aka save 5 years, save 10 years for a savings plan?

Agents promoting such plans should be shot.

Do you people know how low is the yield ? FD rates are even better.

Do you know how much commission the agent is making from your monthly premiums? Minimum 17.5% before bonus from the premiums paid. You put in 100, agent take 17.50. You understand?

Do you know how low the sum assured is? You can easily buy 5x more coverage with whole life policy with the same premium paid for endowment.

Now ask yourself, can you survive on $500 per year? I don't about you but I need at least $300000 per year. Now imagine how much premium I have to paid for cash builder.

RM195,039 is not guaranteed.
The only thing that is guaranteed in this plan is the GUARANTEED YEARLY INCOME which is the RM1,000 per year x 40 years.

and this RM195,039 includes Guaranteed yearly income, accumulated interests (5.5% at Scenario A), Yearly Dividend (Scenario A)

**For those who wondering what is Scenario A
- Its an assumption on the dividend payout and compounding rate from Hong Leong Assurance company performance
- Hong Leong Assurance attain Scenario A every year for all previous and current saving product.
That'll be real difficult for 1 to meet the retirement fund amount if you only require to save 3 years of money.
Unless this 3 years you can save at least RM100k per year (total RM300k), perhaps.

By 30years later (with compounding interest and non withdrawal) the account will have around 350% in total of what you save in, that makes the account RM1,050,000. Should be enough for 15 years of retirement.

But 3 years saving plan really sound attractive to everyone.  We as agent might get more sales from it.

---

Added on March 22, 2012, 5:24 pm

I think there must be some misunderstanding. Cash builder is in fact a great account. What support do you have to say that FD rates are better? In what way? Can FD generates you 250% total return after 30 years? Definitely no. Even at 4% rate of FD can only go up to roughly 224% of total return in 30 years period.

And we agent just work for a living, same like you. I bet you wouldn't like people to say what you're working as now is a crime and you should be shot. Its not nice to give such comment in the public. Please respect others.
No we don't get that much Way lower than what you stated here. But its not nice to tell to public as this commission is the only income that we get and need it for living.
Completely agree with you on the lower sum assured. But you cant compare an apple with orange. Life insurance and Cash Builder is completely different thing. We will not recommend Cash builder to client that needs a Life protection, same on the other hand, for saving purpose, we cannot recommend Life insurance to them. Life insurance dont save them much money in the end. But it protects the family as a whole if the bread winner no longer around. Its totally different thing. Please dont compare a saving plan with a life insurance plan.
I am just imagining how much you have to save now to make sure you can retire for another 15 years after age 55.
$300000 x 15 = RM4,500,000

As for Fixed deposit (which you say the returns is so much better), at age 25 you have to save RM1,400,000 with rate 4% and let it be compounding for 30 years.
By age 55 you will have your retirement fund ready RM4,500,000

This is just pure example. Of course with Cash Builder don't require 1 to save as much to attain this retirement figure.
I hope i don't offense you in anyway and hope this clears your doubt.
Peace.

Main Benefit: Short saving period, long term guaranteed return.

Then why you come out the statement of
Many fulltime agent make a living through commission from the premium, what is so not nice to tell?
As long as the agent explain properly and clearly, and no misleading statement to start with, what is wrong with that?

3 years attractive? Seems someone don't understand
15 years, 6 years, 3 years saving is the same one.
In fact 15 years can be more affordable than 6 years.
For eg. if
15 years annual premium Rm 2000
6 years annual premium Rm 5000
3 years annual premium RM 10,000

All are the same, shorter period of premium /= better, in fact it can be worst depended on situation.
For eg. a 6 year premium plan.
Paid 2 years, suddenly something happen and face financial difficult, cannot afford to pay for following years, means pre-mature surrender and surrender cash value can be less than premium paid.
There is no such thing shorter period of saving one. Just how it being structured.

Compared FD with Cash builder?
Can cash builder money inside lump sum being withdrawn at age 45 when you emergency required time compared to FD?
FD anytime I emergency needed time, or whenever I needed time, I can use the money, can cash builder does it?
If not, then why compared with FD?

Tired of going on with this over and over again, you must be feeling the same. I am sure you as a moderator of this forum know more than me for the answer to this question.
Of course you can get back your lumpsum of money (aka 100% withdrawal) at any period of time, but we will advise the client when should be the best time of withdrawal.
When client sign up for this plan, its meant for retirement or education purpose.
Unlike FD, which has more flexibility like you mention, and of course returns are lower. Why dont then you compare FD with property returns? of course property returns are higher, but izzit flexible? definitely not.
Can you treat FD as a retirement fund? 1 must have really strong discipline when come to this. I am sure alot of people will withdraw their EPF before age 55 if there's a need of emergency & nothing stopping them to do so. But what will happen to these people is they will have RM0 retirement fund in the end. And force to work after retirement age.

All plans have pros and cons. Our plan serve its purpose well.

Main Benefit: Short saving period, long term guaranteed return.
PS: Of course if you comparing with EPF, RM195k sure not enough for retirement. But bare in mind, you only save for 6 years here, just treat this as a reserve fund. Unlike EPF which you save month by month, until age you can withdraw EPF. That of course will become alot of money 
Best regards to all and happy saving,
Flora

RM195,039 is not guaranteed.

Of course you can get back your lumpsum of money (aka 100% withdrawal) at any period of time, but we will advise the client when should be the best time of withdrawal.

Are you sure about that?
Means if I save until the 9th year and then suddenly my mother is sick and I need money for medical, I can withdraw 100% of my cash saved in cash builder?

Are you sure about that?
Means if I save until the 9th year and then suddenly my mother is sick and I need money for medical, I can withdraw 100% of my cash saved in cash builder?

What are the underlying assets that the income builder plan invests in?

ROI is lower than FD right?

ROI is lower than FD right?

Based on this table, I then calculated the 'profit' and ROI for 10 years:

  Cash builder
  ------------

  10 years investment
  = 12060 * 6
  = 72360

  Surrender value after 10 years
  = 90046

  Profit
  = 17686

  10 year ROI
  = 17686/72360
  = 0.2444

  Fixed Deposit
  ------------

  Assume 3% pa, and investment is instant rather than over 6 years.

  Principle
  = 72360

  Surrender
  = 72360 * (1.03^10)
  = 97246

  Profit
  = 24886

  ROI
  = 24886/72360
  = 0.3439

Am I correct here? Thanks in advance.

You people factor in inflation for your calculations? 

i have done an analysis and here's the finding

https://docs.google.com/spreadsheet/ccc?key...MjNRR29STEh4cnc

In summary, the HL Cash Builder performance is similar to FD, but with insurance which you don't get in FD. And it's for long term, FD is for emergency.

If you want maximum profit with minimum risk. Go for Reit. Currently most of my reits are performing at 6.5% on average. The prices of REIT doesn't fluctuate like other shares, they only move like +/- 1 cent a day if any. But at double the interest you can get from FD, it's calculated risk.

---

Added on April 18, 2012, 3:30 pmof course you don't put all your money in one basket you would still want to have some FD, REIT, shares, mutual funds.

an agent came to me and let me know of this.

deposit 3k per year. thats around 250 per month. deposit for 6 years. will get 500 annually until age 90

i will get back 500 as 'reward' per year starting from year 1 and if not withdrawal of the 500 every year, can get 5.25% return from the 500. this is accumulated. so first year is 500X5.25% (=A). next year will be (A+500)X5.25% (=B), third year (B+500)x5.25% and so forth

the 500 will be paid annually upo to age 90

for the 3k, will be given some dividend depending on economy, so he said. the rate is better than fc but usually no more than 7%

i did some calculations but just needed some view from you guys... calculate calculate... seems like... doable to me? but i sense something is wrong somewhere... hope u guys can enlighten me

thanks

Sure its 2.xx %? Why didn't factor in the GYI for the 10years? Since its guaranteed I thing it should be factored in.

Currently got agent selling this to me, hope get more details before I commit..

the GYI already factored into the surrender value. If you are to take out the GYI the return should lower.
I'm wondering how much is the death benefit given to the RM 12,000/year plan.

In fact I don't fancy long term plan as although it may sounds good that after 10 years you will be getting substantial guarantee every years but taking inflation into consideration the guarantee income which they promised 10 years ago may sounds like peanuts nowadays. Imagine the economy rice which I'm eaten 10 years ago costs me RM2.50 but similiar dish nowadays costs RM6.50

Some HL agent did approach me on the income builder plan and on the phone the % sounds so great but when you see the plan and the table then you feel that it is created to cheat some consumers that did not see clearly the hidden part. The latest offer which I heard fm one of HL agent is that they even give you free Ipad3 for signing up of $50k plan and guarantee return of RM15/k per annum. I think Warren Buffet may be interested on this plan too.

First of all, my friend (Hong Leong agent) refuse to let me see thoroughly the calculation table. (refuse to let me take home , said its co. policy)

@Irresistible

y u always kene cheat when come to financial investment?

@Irresistible

last time u kene investment, u buy rhb islamic bond.

I personally bought this plan. (few months back)

After 1 day, I was regret. But, I pay the annually one. (RM 6000 /annum) 

Is it possible to get back my $$ ?

First of all, my friend (Hong Leong agent) refuse to let me see thoroughly the calculation table. (refuse to let me take home , said its co. policy)

Only after I pay it, it only let me have the policy & calculation table. After I see it thoroughly, it make PROJECTION & ASSUMPTION. which the return is not really good.

I felt kinda of being cheated....

normally, there is a 'cooling' period for insurance. one week. read all the t&c. can surrender if not satisfied. after that, if you want your money, surely kena burn. look at the surrender value.

Ya, I forgot about "the cooling period"  ( that time, a bit regret but $$ still not too tight ... )

Now maybe more in need of $$, so thinking to get back $$.  

em i have do the calculation after they give me the projection compare to FD the returns still better than FD, just that the things your savings will be lock-in for 6 years after calculate you still earn more interest than the FD when u surrender after 6 years:) Savings just for emergency so calculate how much you need for emergency then extra can invest on this plan because they have the guaranteed income annually

Dear all bros,

Is it good for the plan?

I found out the guaranteed return compared to non-guaranteed return is very misleading.

6.5% per annum? Can they achieve this with the market situation now?

And in addition it will take so many years to see the results...

And the marketing guy keep pushing this plan (irritating) because I know their commission is around 20%, which is A LOT!