yup, and its RM3000 PA on premiums

Insurance premium for education or medical benefit max can claim up to 3k....Yes....If life insurance, then will be diff..

i see. then HLA is considered life? and how much MAX can claim?

one mistake ppl always forget
if returns had scenario A or B means its not guaranteed
some agent mislead by saying guaranteed returns on B rather than the higher A the only good thing is it has small protection but ofcoz compare to other ILA product ILA is pure protection small savings which is more ideal for most ppl
FD has higher flexibility with no protection but ofcoz from time to time the concern is not on the health for young ppl but on the money itself as an agent myself i would not sign anyone who is not ready to commit this long term and yes its saving but anything before maturity u might incur a loss and FD might even have higher interest on initial years.
my advise dont get yourself into a plan which u could not understand, research before signing up, not every agent in the country know how saving plans work but merely explain to prospect based on what their unit manager taught them to.

Maybe most of the agent will do that..But I wont..I will let my customer know, what is guarantee what is projected.Thx to remind on this.

True fact well out of 10 agents u knew maybe there is 1 or 2 knew what is happening to the plan and the basis of calculation
common sense out when one knew if u wanted to generate higher returns u gotta forgone something else and its called the opportunity cost
there is no single investment portfolio that i heard of could generate anything so significant without various risk involed
ur agent might be telling u amazing things but if u didnt know what it is at all save the cash on FD its less complex and lower risk

Yes,I agree with you. The risk for income builder is the payment period is 6 years. This is the fact and this is the risk on it. Hong leong Assurance also knew it, that's why we design dew solution for our customer to reduce their risk on it.
1)Policy Loan 8% per annum
Lets say, your total deposit is RM100k, you may borrow 90% the amount of the deposit.
2)Advanced Guaranteed Income 5 years
Lets say, now you are in year 2012, you may cash out your guaranteed income until 2017 for your emergency use.

nice sharing of info

Your clients are supposed to BORROW their own money at an interest rate of 8% per annum. LOL.

This is one of the solution that Hong Leong Assurance provides..Funny rite? same with me..haha...

This product has its good.

My view is like buy a condo then paid in 6 years (premuim period), it start generate rental income from the 1st year and paid after a year (promised yearly paid out) for 20 years.

Buying price => 150,000.00 (paid in 6 years)
Yearly rental => 7,465.00
ROI => 4.98%

The selling price of the condo = surrender value at the end of maturity

The 1st year paid yearly premium (or installment for condo) about 25k, then get rental income 7.465K. So seem like getting 29.86%.

So, for some ppl thinking to invest in properties for rental can consider this where no need going through the hassle of S&P X 2, Stam Duty, Lawyer fees X 2, MRTA, Loan Interest, tenant attitude, mngt fee, vacant period. Of course this come with lower ROI and surrender value vary depends on the insurance company performance.

Appreciate comment on the above perspective.

You are comparing orange and apple in the same basket, meaningless rite?
You must compare those apple between brand A and brand B.

Hi,

Can i ask about the Scenario A and B?
How they calculate those return? How we know that how much we can get in the end of the surrender period?

Besides, for this 6 years income builder plan, isn't possible to be prolong the period from 6 years to 10 years?
It is because some of my friend buying saving insurance, planning 6 years premium, but end up the company ask him to top up until 10years.

Isn't this will happen in this HLA income builder plan?

Thanks

I think the scenario A and B most of the agent also did not know how to calculate.

If they do they are very good. Because all is ran by their illustration system.

Most important things is whenever you bought any of the insurance product please make sure you read the T & C is very important (most of the policy holder did not read the information given)

Make sure u find the right agent or else they not really know about their product much ended giving the wrong information to the client.