From your previous post, I cans see that you are way over insured (medical, life, annuity, etc etc), paying so much premium until you are in financial trouble. Insurance is for protection and it is never meant for Investment. If you want to invest, only invest with money you can afford to lose. You should never have insurance premium > 10% of your earnings, otherwise you are just enriching the insurance industry with things that might or might not happen.

Using Insurance as a investment fails Investing 101.

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Added on September 25, 2012, 10:43 amLearn to calculate before you invest.. lar...don't be fooled by insurance agents...read the brochure

Taking example PRU Double Cash Reward...basic policy

Each Year premium is RM 20,180 x 10 years = 201,800
Yearly Reward = 3000 x 10 + 6000 x 10 = 90,000
Maturity Benefit (Taking PRU 7% gain which is on high expectations) = 222,181

Based on 20 years investment, you invest 201,800 to get 312,181 in 20 years.. your annual CAGR is ... drumroll please... 2.21% per year.

Even if you factor in tax savings of Rm 3K/year (if got).. your CAGR barely rise to 3.11%...

Feel satisfied with your 'earning'? Still want you buy? Please go ahead then....

This post has been edited by gark: Sep 25 2012, 10:52 AM

You are absolutely correct. Nowdays good insurance agents are very rare....

Lol... even after showing examples why insurance and investment cannot be mixed, you still want to invest in 'insurance' albeit another one. Even after a few insurance agent also tell you the difference between of protection vs investment, also not take notice meh?

Hard to believe... cannot help liao

This post has been edited by gark: Sep 25 2012, 07:13 PM

There are practically loads of other UT which perform better than prudential funds. Also by buying through agent, there load fees are high. This put you at a disadvantage already even before you start.

Can't think why invest through insurance the only logical choice meh?

Yes, how about having NO risk and slightly higher returns. Most Savings plan underperform Fixed Deposit, and since FD is guaranteed by PIDM, so this is a no brainer.

Although I am agreeable to your view, I think you are being unnecessary harsh in your words. This is a discussion forum, so some civility is required.

Same thing no difference, this is commonly known as endowment plan, no difference in the concept, at most you get slightly below FD...

This post has been edited by gark: Sep 28 2012, 09:39 AM

Well that another point to see it, for those who cannot save money and need to 'forced' to do so. But in the in it is themselves who will lose out.