I think he answered an almost similar question posted by MUM in post 6, earlier with this

some clients does not really understands or remembered or really pay attention to those medical terminologies used at the time of purchase.
I am one of those client......

I guess every industries also want to make money/profits....their share prices and shareholders demands it to be so.
even the food sellers would want to sell you "yesterday's" food instead of newly cooked one first.

honest and ethical sellers......I guess there are some in each industries too

is returns of the education saving plan really guaranteed as mentioned by the earlier agent? if yes, then he/she did not lie....

did that new agent recommend an almost similar education saving plan for your son?

There are usually a guaranteed n a non guaranteed returns for insurance saving plans.....just that the actual total amount is not guaranteed
Putting in fd does not hv insurance coverage for yr son

Unit trust????
Without insurance coverage
Without tax relief deduction
Without returns guarantee
Without a more peaceful sleep?

This post has been edited by yklooi: Sep 6 2019, 12:25 PM

I guess someone has to bear the cost of insurance coverages over the years

my abt 15 yrs policy are using the 4.5% and 6% projected returns

Yes, I did not buy those insurance policies with a "returns" expectation....from the bonus or special bonuses that the insurance companies will gives me at the end of the contract.
I bought into it with that "possible jackpot amount" in mind knowing that my dependents could get from those policies in the event of me getting into any of those illnesses or life/income changing events during the contract terms.

The 1st one I got was in 1992, i got into it bcos I am enticed by ..."we will pay you a sump of at least xxx if you get yourself into any of these yyyy"'s sales pitch then.
Through the years after having seen and judging from health histories of my family members and those that of my friends and colleague's; I think I made a right choice in paying those premiums as part of risk mitigation as part of financial planning tool. I only know about insurance as a risk mitigations and its term/tool used in financial planning last few years (yes from lyn forums )

yes, it is a super long term commitment like marriage.....
have to make adjustment along the way just like marriage too....reviewing and adding more as time goes by....

so far, no complain about low rates of returns except for one time I got the shock of my life when I checked the surrender value in 1997, as a just in case contingency plan during the working insecurity period in the midst of Asia Financial Crisis......
I guess someone had to pay for those "possible jackpot" pay out insurance coverage and the income of those agents and those of the stake holders of these insurance companies.
Just think about the profit margin of those bubble tea we drink, the food we ordered or the durian we eats....I am sure the % of profit margin are very high too if not higher than those of insurance...

This post has been edited by yklooi: Sep 10 2019, 08:02 AM