Hi,

Recently i was approached by a Financial Planner from HLA, as he was presenting some FD+investment+Insurans plan which has at least 25% rate of return of the sum you insure...it's called HLA promise plan which offers a kinda attractive plan.

And the best thing is you can pay monthly yet taking the "at least" 25% interest and have a insurans attached like a FD growing with devidends payable when you surrender your plan or the term is over....

But before i am commited to this plan thought of asking some PROS overhere for some advice....

They also offers a rider plan which may double your interests in the event you are gone in the middle of the term.

Any advice and opinion from you guys??

thanks in advance

thanks Jordy for your advice, as i called the HLA agent, he explain to me that HLA is offering something more like a Insurans + FD + investment link plan, the first in the market as it is true and HLA promise that it gonna work... as he also said that the interests you get you will be able to collect it on the 2nd year of the term and the 4th and 6th year respectively...

and to ensure your confident and believe in such a plan he also said that you can call him anytime or you may leave your number and he will call you to arrange an appointment to explain the plan to you...

anyway thanks for you advice, as i am kinda keen to buy this plan, as it's better then to put into FD, with the market like this FD rate would be revised anytime...and no harm trying this plan as every investment also got risk involved but with it's 25% interest rate and Insurans involved, it might worth a try.

Anyway, for you, no harm listening to this agent? as i might feel better that you try to call him and listen to his plan then decide on whether this work anot then maybe i really no need to worry about this anymore and let the money rolls it self, as PROS like you would identify whether this is a CON or whatsoever.

Thanks Jordy

yes, i have confirm with HLA already with the quotation and a detailed report on figures that i would get, yes term is for at least a 6 years, 8 years or 10 years plan which they offer, but ofcourse you can cancel it early but with less return and the figures is not so nice, but the most interesting part is that you will get your 25% interest the second year after your first year of anually of what you have paid.

Nice plan isn't it? hopefully it works only as it serve better then FDs, somemore they also assured you a insurans plan which pays you the amount you assured if in the middle of the term you are gone dead, and best part is you will get the full amount, let's say you put in 100K which you gonna pay the 100k in ten years, but in the middle of the plan let's say 5 years, you gone dead with 50K paid, but you are half dead or dead on the 5th year, they pay you 100K plus, you still get the interests on the 6th year, 8th year and 10th year.

but the sad thing is that they will only pay you if you are half dead or dead with no other scenario, so it's kinda sad and happy on the other part. Touch Wood~!! my god, hopefully i will be able to use the money back myself...

KInda nice plan right?? it's true that it's too good to accept, but with black and white documents with HLA, i think it's more really like a starting off by HLA then a Scam, sooner or later other insurans like GE or Prudy willl also follow, just who started it first.

Anyway, every investment comes with risks, but does it worth to try? so from my opinion i guess at least i am on a safer side then other investments like shares or bond cause come to think of it, i still get an insurans on my life and i still get back the sum of money i paid when the times ripes.

No, you gonna get your 25% every 2 years, so 2nd, 4th, 6th, 8th, and 10th you gonna get 25% each and on the 10th year also which your term finish, you gonna get your total amount paid plus with devidend given every year for the 10 years which is 5% a year (lesser or higher base on the performance of HLA of that year), and you already get your return after the 2 years d, nice anot? come to think of it, it's good to buy this then to put in educational fund for those who have children.

If your child is 10years old now, later it's ready for them to use it for educational purposes with insurans for them on the same time, with returns. Nice~!.

Anyway, i gonna post my quotation later to let you all confirm, advice me whether this is a scam or what, as it's really a good investment.

well Jordy, it's true that i just joined this forum around this month, but as i wasn't promoting what i am investing just sharing with ppl over here to give an advice and opinion as investors like you and I, investing hard earned money into some scam or some MLM thing would be stupid as there is no return from that unless you gonna work like that by spreading the network like all MLM always do. But with black and white signed with HLA would bound them in law to do what they have promise in the agreement. As to really find out whether this is a scam or whatsoever, the best way for you guys is to call any agent from HLA to meet them and ask them to explain such a plan, as i guess any HLA agent would be more happier to entertain you. As there is no harm for investors like us, that would be unrasional to let go such a chance to invest, as like what chinese always says "good chance goes begging". Go find out yourself then only start to think whether is this a scam, investigate more, do some homework like we always do before investing agree?

sorry if i did give you such a impression Jordy, as i sincerely apologise.

Please accept my apology.

thanks for the advice, cherroy, appreaciate it very much...