Actuary.

Sorry?

Actuary work out insurance premium, best people to advise on insurance.

I believe they have piecemeal services and focus on insurance. In fact they even refund the commission to you.

I can put you in touch with one of their advisor if you want.

Sure no problem. I don't mind. But I can't travel to PJ to meet them.

HOw much is their service charge?

Who cares how much is their service charge. If they refund the commission to you, commission > service charge definitely. Not to mention you get unbiased advise for best insurance for money.

I think that is worth it.

This post has been edited by Ramjade: Jan 6 2023, 01:52 PM

I'm not sure myself lets wait for Ramjade to inform us.

Ok. Will update here.

Why not just take online stand alone medical insurance? Invest the rest of your money.

Cause I counted standalone Vs ILP until age of 80, ILP is cheaper than standalone by around 30-40k

Did the comparison include the possible compounded investment returns you could get from the extra savings?

N how much annual limit you are looking for?

This post has been edited by Cubalagi: Jan 6 2023, 03:43 PM

No that's not counted. Just pure value.
I am ok with RM1m limit but no one want to give me RM1m limit. It's either 1.3m, 1.5m or 2m.

Benefits most likely different.

The extra savings, say put in a low cost S&P 500 index fund for 50 years (say you are 30). Should be counted I think.

And I wonder do u really need a RM1 million annual limit?

RM1m is just in case you got into ICU or got cancer.

I did count the savings I get from standalone card Vs ILP for I think 20years is less than RM3k/year while the ILP I am going for cost like RM3k/year. The savings If put into S&P500 index fund would yield me RM1m+ at the age of 80.

I did not count the savings I get from ILP Vs taking standalone. ILP is cheaper long run until 80 years old.

I'm a Fee-Only Licensed Financial Planner.

To answer your question, I will follow the numbers you stated.

1. From RM200/Hour or RM1,000/year depending on the needs after your discussion.

2. It can be as short as 30mins or as long as 2 hours depending on how long you want to clarify.

3. Bank into our company's account after we issued the Letter of Engagement (LOE).

4. We only recommend products without commission so basically there is no rebate will occur.

You have the option to buy online direct or if you buy through us, then we will nett off all the commission.

You can try this website. Not sure how good they are.
https://www.thefunempire.com/financial-advi...%20reach%20them.

Better source is on Securities Commission website for entity/individual licensed for financial planning and BNM for list of approved financial advisers.

Some of the firms listed are not licensed to provide financial planning as a service so I’m not so sure what’s the authority and legitimacy of that list.

BNM Financial Advisers (FAR) means you are able to access multiple insurance companies and provide them to your clients. It does not mean you are licensed to provide financial planning services. That requires a CMSRL from SC.

Ya. Confusing. I know.

Haha.

This post has been edited by Holocene: Jan 6 2023, 10:50 PM

I remembered seeing this guy Yap from Whitman in TheStar articles on the weekend. Seems to be quite ok from the articles I've read