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> insurance nowadays so powerful!, you can become government servant!!!

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SUSPLOUFFLE
post Oct 17 2017, 06:59 AM, updated 7y ago

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Income Payout Period - Up to 80 or 90 years old, or for life

https://www.prudential.com.hk/prumyretireme...y/index-zh.html
GOOD CALCULATOR!!!

Jason, age 40, plans to retire at age 65 and would like to receive a Guaranteed
Monthly Income of S$3,000 up to age 90.
He selects XX plan and will pay
his premiums annually for 20 years.


Payouts assuming Jason converts his accumulated annual bonus into Additional Monthly Income:
In addition to the payout benefits above,

i) Premium payment will be waived6 if Jason suffers from
Total and Permanent disability during his premium
payment period.


ii) If Jason suffers Loss of Independence during his income
payout period, he will receive an additional S$3,000
Guaranteed Monthly Income.



iii) Jason also benefits from protection for loss of life
throughout the policy term.


Be ready for a more comfortable retirement



Total premium payment
S$2,066/mth x 20yrs = S$495,8407

Non-guaranteed
cash bonus = S$1,155/mth

Additional Monthly Income = S$751/mth

Total Guaranteed Monthly Income
S$3,000 x 12 x 25yrs = S$900,000


Total projected payout
S$58,872/yr x 25yrs = S$1,471,8009


Guaranteed return at maturity: 2.27%


one month premuim is about 2k sgd!!!!
but you can retire like a government servant!!!

http://www.jpa.gov.my/index.php?option=com...mid=992&lang=en

WHAT ARE THE LOWEST AMOUNT OF PENSION PAID?
Lowest pension paid for those who served at least 25 years old (300 months) are RM820 which was effective by 1st January 2012.

WHAT ARE THE MAXIMUM AMOUNT OF PENSION PAID?
Maximum pension paid are 3/5 or 60% from the last drawn salary.

This post has been edited by PLOUFFLE: Oct 17 2017, 07:44 AM
Phoenix_KL
post Oct 17 2017, 07:18 AM

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Jason, age 40, plans to retire at age 65

lol. i think dead at 60
SUSPLOUFFLE
post Oct 17 2017, 07:25 AM

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QUOTE(Phoenix_KL @ Oct 17 2017, 07:18 AM)
Jason, age 40, plans to retire at age 65

lol. i think dead at 60
*
why?
779364
post Oct 17 2017, 07:35 AM

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Many people dont know is that a large percentage say 80% is gonna fail to maintain the scheme somewhere around the middle mark. Insurance company wins as a result

Paying sgd2086 per month for 20 years is like paying for a car till u retire
bereev
post Oct 17 2017, 07:56 AM

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roystevenung

biar betik
Broadings
post Oct 17 2017, 07:59 AM

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QUOTE(779364 @ Oct 17 2017, 07:35 AM)
Many people dont know is that a large percentage say 80% is gonna fail to maintain the scheme somewhere around the middle mark. Insurance company wins as a result

Paying sgd2086 per month for 20 years is like paying for a car till u retire
*
Damn, spot on bro.

everest
post Oct 17 2017, 08:03 AM

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5th year withdraw money for emergency use, how much money he get?
SUSAllnGap
post Oct 17 2017, 08:06 AM

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QUOTE(779364 @ Oct 17 2017, 07:35 AM)
Many people dont know is that a large percentage say 80% is gonna fail to maintain the scheme somewhere around the middle mark. Insurance company wins as a result

Paying sgd2086 per month for 20 years is like paying for a car till u retire
*
LEL
zoozooka
post Oct 17 2017, 08:12 AM

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Get the calculated figure number, then put it into fixed deposit

The investment result should be the same as giving it to insurance company

Insurance takes a big cut of your premium. Plus insurance company use positive economic forecast to project the estimated investment result


NielWooWoo1205
post Oct 17 2017, 08:15 AM

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Sekali business company bankrupt before you pencen...
Newsray
post Oct 17 2017, 08:18 AM

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Insurance like medical card is ok. Others too much uncertainty.

Better save urself in fd.
SUSPLOUFFLE
post Oct 17 2017, 08:29 AM

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QUOTE(shyamdh @ Oct 17 2017, 08:20 AM)
insurance company declare bunkrupt....there you go work until you die....no retire rclxms.gif
*
do you know how big is the insurance company???


impossible banckrupt


in before never have such insurance.

no need do medical check up can buy medical card

and now until age 70 also can buy.

71 cannot


this is because they are gigantic size now.



tungfunglaw
post Oct 17 2017, 08:32 AM

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For fd, need to factor in inflation la bro.. also fd int is not compound interest. Making a lot lesser.
Steven_aka_G
post Oct 17 2017, 08:37 AM

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From: Selangor, Kajang, Sg Long


70 years old standard for most P line insurance now. Not a big hoo hah. For an interest rate of 2.27%, might as well put FD. Make no one but myself and bank richer.
max_cavalera
post Oct 17 2017, 08:41 AM

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Better buy house.

Get rental. Tak mampu u can sold off for your retirement fund
SUSPLOUFFLE
post Oct 17 2017, 08:45 AM

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QUOTE(Steven_aka_G @ Oct 17 2017, 08:37 AM)
70 years old standard for most P line insurance now. Not a big hoo hah. For an interest rate of 2.27%, might as well put FD. Make no one but myself and bank richer.
*
some is 65 years old

munak991
post Oct 17 2017, 09:02 AM

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QUOTE(zoozooka @ Oct 17 2017, 08:12 AM)
Get the calculated figure number, then put it into fixed deposit

The investment result should be the same as giving it to insurance company

Insurance takes a big cut of your premium. Plus insurance company use positive economic forecast to project the estimated investment result
*
the different between FD and scheme are controlling lust for things.

Imagine u automatically sees ur 2k + gone, u wont be spending so much after ware.
as compare to FD u got a choice to withdraw or spend it without putting in
SUSPLOUFFLE
post Oct 17 2017, 09:10 AM

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QUOTE(shyamdh @ Oct 17 2017, 08:56 AM)
pls google so many of them so call big insurance company gone bankrupt rclxms.gif
*
where got?

aia,prudential,manulife,allianz,great eastern,prudential,axa,metlife,zurich,sompo,tokyo marine


user posted image




bila?

rasyid
post Oct 17 2017, 09:11 AM

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QUOTE(PLOUFFLE @ Oct 17 2017, 08:29 AM)
do you know how big is the insurance company???
impossible banckrupt
in before never have such insurance.

no need do medical check up can buy medical card

and now until age 70 also can buy.

71 cannot
this is because they are gigantic size now.
*
true .. no need medical checkup .. but ... let say you age 70 you buy .. and later get cancer .. if that cancer is like 3 years old .. or if your kidney problem .. and it has the problem starts 3 years ago .. and the doctor inform the insurance so .. they will not cover .. only cover disease/health issue after you are 70 .. accident .. etc ..
SUSPLOUFFLE
post Oct 17 2017, 09:12 AM

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QUOTE(shyamdh @ Oct 17 2017, 09:10 AM)
but if he 40yo epf every year 24k for  20 years . at age 65 already have 1.3mil.  with 6% return.

after 65 year withdraw every month 7.5k until 90 y o also still not finish
*
Guaranteed return at maturity: 2.27%


mutual fund value retun can be 7%!!!

even 9%!

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