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HLA EVERGAIN PLUS, What do you think .. !!
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cherroy
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 Feb 24 2016, 01:23 PM
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20k VIP Club
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QUOTE(suns8630 @ Feb 24 2016, 12:30 PM) Returns will be good after 10 years ... Not advice for short time investment ... Put 60K and after 10 years, possible to get back with scenario 1. Bear, 62K 2. Flat, 73k 3. Bull, 87K Even with the bull scenario, it is only 87K. Mind that it is not guaranteed to be, if the market and economy condition is not favourable, the final outcome can become 62k as well. 60K become 62~87K based on projection (which is not guaranteed what number to be) after 10 years is considered a good return? |
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cherroy
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Feb 24 2016, 09:23 PM
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20k VIP Club
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QUOTE(suns8630 @ Feb 24 2016, 05:00 PM) Thank you Adele123 for reply posting Do you have a better remmendation other then HLA EVERGAIN .. Please refer to the chart photo .. It is clearly show .. Only payup by six years .. Then let it invest on long terms .. Pay up six year or not actually is not a main point of consideration at all. Six year big sum vs smaller sum every year for 20 years. The latter may have more advantage if look from cashflow perspective. |
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cherroy
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Feb 24 2016, 09:32 PM
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20k VIP Club
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QUOTE(lifebalance @ Feb 24 2016, 09:29 PM) I did a review on this before It seems if the shorter the repayment term, the higher is your cash value at the end. Reason is because 6 year plan deducts lesser commission compared to 20 years plan and due to high initial capital, the returns can be accumulated higher by end of the 20/25 years. However if budget is constraint then a 20 years payment scheme will be viable albeit lower returns. Because you throw in more money from the start. Just like you put FD more in the early year instead bit by bit every year, you get more interest. In other word, you have "locked" in more your money in early year, which you can't touch on it, unless premature surrendering it. This post has been edited by cherroy: Feb 24 2016, 09:34 PM |
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cherroy
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Feb 25 2016, 08:52 AM
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20k VIP Club
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QUOTE(lifebalance @ Feb 24 2016, 10:23 PM)  Any product disclosure of this plan, then we can find out where the money goes, normally the insurance company is required to show this as it's part of BNM requirement. From what you said, it seems like a very bad plan then But it sounds weird that the customer pays "THE SAME" amount of commission because BNM guideline is stated Commission pay out to be Yr 1 40% Yr 2 40% Yr 3 25% Yr 4 25% Yr 5 15% Yr 6 15% It can't be 40% all the 6 years ? Then the faster the customer paid up is better, the faster and more commission can get.  60K paid, agent can get more than 15K if above commission pay out is true. |
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