MeToo if u r looking on returns and if you can "force" urself to save, u can look for non-insurance related investment. only consider insurance if you need protection of your assets

This post has been edited by ckdenion: Sep 7 2016, 10:58 PM

at least the emergency funds is in FD (it's working, of course works lesser than whatever other investment you have). oh and btw, the excel table is created by you or your agent? i will say that best is to refer to the projected figure table from the official plan presentation.

yes...thats y refer to the table provided in the official quotation/plan presentation

yes can take everything out after 9th year completion, question is what is the amount? supposedly agent should show you the projected figure

i agree with weissPC. since MeToo only need to commit to save 6 years (principal of 600k), highly likely by the 7th year, if surrender the plan and take everything, the value will be slightly more than breaking even only, if will like to take out on the 9th year, i guess it will be around 720k or so... (if my calculation is correct)

hope bro MeToo can tell us more after asking the agent more details and after getting the plan quotation

that's basically just my assumption, since the payment term mentioned by MeToo is 6 years, it is very good enough to breakeven at 7th or 8th year. Anyway, like what I said I'm just assuming. same like what you suggest, i think we can only give ideas only after we saw the official plan presentation quote from the agent

honestly, there is no good/bad plans. different plans serve different purposes. As long as the plan suits your needs, then it is a good plan to achieve what people want. It will not be a good plan if it doesn't bring the value that people want. so i think let's not say that this Plan A from Company X is good/bad.

i agree with u that by putting in FD, it can be withdrawn anytime without losing the principal. if people want to "lock" in a certain amount for long-term (let's put an example of 10 years) and they are determined that no matter what, they are not going to treat this as emergency funds, then they can look into endowment plans with suitable term that they want. if people want forced-savings, y not?

not everyone want the same thing. different people different needs, different goals


honestly speaking i will be interested - interested to listen how the plan works first, not interested to commit first! i believe that people who invest are actually smart enough to study how those plans work.

the "high risk high return, low risk low return" is always true...

so what plan have you heard so far asides from the HLA one?

amount of money doesn't matter. what's more important is how u manage them