Hong Leong bank evergreen fund, Have you heard of this aggressive fund ?
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 Oct 6 2015, 07:37 PM
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#1
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Junior Member
80 posts Joined: Oct 2013 
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Need some advise bros here... i just bought this plan less than a year paying a premium of RM6k. What is the breakeven ? Say if i were to withdraw by the year 7, will i get all what i have put in ?
My agent says can. Or is she lying. Since some of u mention it is a long term savings for 15 years to start seeing a profit.. |
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Oct 6 2015, 11:04 PM
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#2
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Junior Member
80 posts Joined: Oct 2013
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QUOTE(adele123 @ Oct 6 2015, 07:47 PM) without punching calculators or being technical at all, and i'm pretty sure i'm 99% correct... Thank you. Appreciate. no, you can't break even by year 7. why you ask? HLA Brochure Please refer to page 11, #4. in the initial 6 years, 173% of your annual premium is gets burnt... how do you break even to earn back this portion? Long story short for the average layman 1) this is an insurance product with investment element, not a pure investment product 2) before you say HLA is bad, every insurance company out there do charge you something, else how can they earn money? 3) insurance... break even is possible... but hold long term... and long is very long... 4) if you want pure investment product, don't buy investment-linked insurance.   dont feel to continue next year . maybe i will cancel it. not sure if i get anything back...This post has been edited by Ah Goo: Oct 6 2015, 11:05 PM |
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Oct 11 2015, 02:28 PM
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#3
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Junior Member
80 posts Joined: Oct 2013
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QUOTE(lifebalance @ Oct 8 2015, 09:19 AM) It's advisable to get your financial planning check again by someone who genuine is there is help you out and see if it's reasonable to cancel it or not. Appreciate it. Thank you so much..If you have any question, feel free to ask me. |
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