Apr 1 2017, 04:45 PM
QUOTE(Clement1001 @ Apr 1 2017, 12:59 AM)
Just been approached by an agent about this fund, the story of the package she told me as below;
1) Guarantee, around 64.5% per annum for 18 years (2035), 3.6%per annum.
2) Guarantee, a dividend of year 6th (4%), 7th (8%), 8th (12%), 9th (16%), 10th (20%) and 20% for the rest of years.
3) There's lockup profit at the highest price, say if you bought at price 0.9, and supposedly the guarantee is 1.13 at maturity year 2023, and the price hit 1.5 in the middle of the period, HLA will lock up 1.5, and you gain 1.5 even the price are lower than 1.13 upon maturity.
4) HLA only absorb 1.5% from total capital annually, that's including commission fees and life plan.
So anyone can clarify and confirm this.
If i'm not mistaken, it is HLA Evergreen 2035, it's an Investment-Linked Life product. It does not give guaranteed returns since it is an investment like unit trust. It's best if you could request the sales illustration/quotation from the agent. In addition, I had attached the HLA Evergreen fund reports for your information, It can be found from HLA website by the way, cheers!1) Guarantee, around 64.5% per annum for 18 years (2035), 3.6%per annum.
2) Guarantee, a dividend of year 6th (4%), 7th (8%), 8th (12%), 9th (16%), 10th (20%) and 20% for the rest of years.
3) There's lockup profit at the highest price, say if you bought at price 0.9, and supposedly the guarantee is 1.13 at maturity year 2023, and the price hit 1.5 in the middle of the period, HLA will lock up 1.5, and you gain 1.5 even the price are lower than 1.13 upon maturity.
4) HLA only absorb 1.5% from total capital annually, that's including commission fees and life plan.
So anyone can clarify and confirm this.
Attached File(s)
HLA_Evergreen_JAN_2017.pdf ( 682.39k )
Number of downloads: 267
Quote
0.0236sec
0.56
7 queries
GZIP Disabled