I recently bought an investment-linked life insurance policy from Great Eastern Life.

If you could start early, it'll be better as the amount of money you'll be getting is higher for some low premium.

This post has been edited by David83: Dec 3 2006, 01:48 AM

Really? But people are keep on promoting it?

I also want to know why ...

Well, that is of the purpose of investment-linked. You can use the earned money value to cover your premium in later ages; 10 or 15 years later.

What do you meant? Their investment link lost in profit? How they dealt with it?

You have ask your agents to calculate what's the surrender value that you would get back.

There's no guaranteed return like FD or savings. Those figures you saw in prospectus/policy are projected values.

When you buy an insurance policy, ensure that it serves its purpsoe. Don't make it as an investment or savings opportunity. You can have that on other alternatives; FD, UT, FOREX, shares and etc.

Financial planning includes investment, savings, risk management, wealth management and retirement.

Investment: Unit trust, bond, FOREX, share market, etc.
Savings: Normal deposit, FD, emergency fund, etc.
Risk Management: Insurance, etc.
Wealth Management: Property, fixtures, assets, etc.
Retirement: EPF, etc.

This post has been edited by David83: Jan 3 2007, 07:20 PM

That's why you need a Life Insurance apart from PA.

My ex-supervisor told me that it's important to purchase a life insurance once you started to work. He said if anything happened to you (accident, TPD, death), you have the insurance policy to ease your parents' mind and emotion.

Those investment-linked policies have everything except PA.

PA is good if you're travelling here and there. Otherwise, if you're spending majority of your time in the office, it's kind of waste. PA premium will burn and it's not the same as your life insurance.

I received a call from a company representing Public Bank and ING. They're going to offer me a hospitalization plan for PB saving account holders for RM 55 per month.

Anybody hear this before?

If I would like to ask to review policy but I don't even know who is my current servicing agent because my previous agent has resigned, how do to that?

I remembered previously GE offers protection upgrade. If I have reached certain ages bracket, this will trigger for policy review and potentially a protection upgrade offer?

This post has been edited by David83: Nov 18 2013, 10:00 PM

No need to summon anybody. Just give me input or I just call or walk in to the CS or office.