Forget about annuity plan. Just do it yourself. It's not that hard. Dump say RM100k into public bank or Maybank and continue collecting dividend until perpetually. It's a cheap DIY annuity vs what those insurance companies can sell you. All the commission and fees. Save the commission and fees and go out for nice makan with family.

Nah, I prefer to DIY my own plan. Don't forget about sales commission

For me I practice where my money is working the most efficiently. I have seen so many insurance savings plan/investment plan that cannot even beat EPF while my own investment beats EPF.

Another reason is why wait until xyz age then only payout happen? Better for me to have payout now and help reinvest and increase my future payout.

Third reason, I hate paying unnecessary commissions to middle man unless I can't help it.

If you really want one try moneyowl. They are not commission based so they can recommend you an unbiased product. But downside is likely have to travel down to sign all the required documents.

Anyway I leaned about DIY annuity from assi blog.

This post has been edited by Ramjade: Jul 17 2023, 05:44 PM