QUOTE(Benny-T @ Dec 22 2011, 05:19 PM)
set an appointment and i can show you GUARANTEED RETURN in the policy
By right if you think it's an infringement of the law,pls do so by reporting to the BNM
all the plans by HLA are monitored by BNM and insurance act
lock in only 9 years but you enjoy GYI for 40 years/30years/20years
the figure varies
sure you can compare to fd
assume FD interest at 3%,100k each year
9 years of saving could only give you rm135,017
with each year interest varies
while saving plans 9 years could give you rm270000
with each year GUARANTEED 30k income at every year
1) for Guarantee Income 30k per year, how much premium (so-called savings) must Steven83 pay for 6 years, assuming he is 28 today?
2) "
100k each year 9 years of saving could only give you rm135,017"
- are you trying to say save 100k EACH YEAR? or saying 100k one time savings?
3)
while saving plans 9 years could give you rm270000
with each year GUARANTEED 30k income at every year - how did the 100k become 270k and from this 270k, HLA will payout GUARANTEED 30k income every year?
for 100k to become 270k in 9 years, interest would be at 11.66% per annual, and for 30k to be paid from 270k, the yield is 11.11% per annual.
Did you manage to sell this brilliant plan to Warren Buffett and Jim Rogers? You should pitch to the Governments of Europe, Japan & US since their interest rate is close to 0. They will buy a shitload from you. And since your commission is close to 18%, hey, that R8 is dirt cheap.
All this assuming I understand correctly what you have written. Dem, I should sell my HLFG (1082) tomorrow since its dividend yield was only 2% last year.
Speaking of infringement of the law, funny you should bring this up. Your company where got infringe the law, like you said BNM approved mah. ITS THE AGENTS, AGENCY MANAGERS, TRAINERS WHO ARE SMARTER than the ACTUARIES by putting a marketing spin to the product, who are infringing the law. No marketing spin, you think your product can sell?
Look at Eqita Maybank, you see them everywhere some years ago, promoting 10% interest, better than FD,etc etc.. its basically an investment linked policy, but without that marketing spin, you think they will sell. Whose brilliant idea was that? Who infringed the law? Agents or Eqita? By the way, where are they now?
This post has been edited by lunchtime: Dec 22 2011, 09:24 PM 
Dec 22 2011, 09:18 PM
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OMG LOL !!!!! 
Just the thought of entrusting him with my savings /investment but not insurance 
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