tag:blogger.com,1999:blog-7944902213075756335.post5861511300567047588..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Inflation adjusted retirement income plan.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-7944902213075756335.post-17895062873949291012017-10-14T19:50:15.358+08:002017-10-14T19:50:15.358+08:00For Singaporeans and PRs, why bother with somethin...For Singaporeans and PRs, why bother with something like this if we have yet to max out the benefits of our CPF membership (i.e. FRS in CPF-SA and BHS in CPF-MA)?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74547350697565393382013-03-15T07:52:48.826+08:002013-03-15T07:52:48.826+08:00Hi Ken,
Thanks very much! BTIR certainly economis...Hi Ken,<br /><br />Thanks very much! BTIR certainly economises a long phrase. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73852482691400390522013-03-15T02:07:15.553+08:002013-03-15T02:07:15.553+08:00Hi AK71,
What hjteo meant for BTIR term is "...Hi AK71,<br /><br />What hjteo meant for BTIR term is "Buy Term, Invest The Rest".<br />Crudely speaking, Focus on Buying Term Insurance which eliminates cash rebates, incentives etc. & Invest the Variance between Buying Term and Buying ILP/Endowment into Other Investment Vehicles.<br /><br />Hope it helps a bit.<br /><br />Warmest Regards,<br />KenAnonymoushttps://www.blogger.com/profile/09282039805225427724noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32025910732600819492013-03-14T21:44:18.074+08:002013-03-14T21:44:18.074+08:00Hi hjteo,
What is BTIR?
There is a lot of good a...Hi hjteo,<br /><br />What is BTIR?<br /><br />There is a lot of good and also plenty of bad stuff on the internet. So, we still have to know how to tell the good from the bad. :)<br /><br />Coincidentally, my friend just asked me about this AXA plan which apparently is named "Retire Happy". I told him read about it in ASSI. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19285412387735268682013-03-14T20:07:30.344+08:002013-03-14T20:07:30.344+08:00Hi AK,
Wish we had the internet when younger, then...Hi AK,<br />Wish we had the internet when younger, then I could BTIR instead of depending on insurance agent recommendations. Well, no point crying over spilled milk. Now at least can undo some of the policies and reinvest properly =) hjteohttps://www.blogger.com/profile/13958508235243896625noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86066855590897617872013-03-14T20:00:30.620+08:002013-03-14T20:00:30.620+08:00Poh Soon,
Wrong answer. Check out post from AK.Poh Soon,<br /><br />Wrong answer. Check out post from AK.skipperhttps://www.blogger.com/profile/17270944477476685188noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62587713856796209822013-03-14T18:44:52.168+08:002013-03-14T18:44:52.168+08:00Hi opal,
Buy insurance for the sake of insurance?...Hi opal,<br /><br />Buy insurance for the sake of insurance? Sounds like a good plan. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88505016751359003832013-03-14T18:43:36.207+08:002013-03-14T18:43:36.207+08:00Hi Ben,
These were bought so long ago. Let me see...Hi Ben,<br /><br />These were bought so long ago. Let me see. I got a whole life policy with CI rider from Prudential till 85 years old and I got a 21 years endowment from GEL. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71570797779433423542013-03-14T18:33:11.775+08:002013-03-14T18:33:11.775+08:00Better go for plain vanilla insurance, and invest ...Better go for plain vanilla insurance, and invest in other investment vehicles, right?opalhttps://www.blogger.com/profile/09346620068918069361noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32384112451709020282013-03-14T17:29:31.448+08:002013-03-14T17:29:31.448+08:00Hello AK,
I really enjoy reading your blog. May I...Hello AK,<br /><br />I really enjoy reading your blog. May I ask, which insurance products from Great Eastern and Prudential have you bought?<br /><br />BenBenhttps://www.blogger.com/profile/03508640545436312261noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48345946136722855202013-03-14T16:35:37.948+08:002013-03-14T16:35:37.948+08:00Hi Skipper,
i'm suspecting that the American ...Hi Skipper,<br /><br />i'm suspecting that the American one have better customer service.<br /><br />Lolx.<br /><br />Poh Soonhttps://www.blogger.com/profile/13133793415765270549noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82055698039348051402013-03-14T15:01:21.950+08:002013-03-14T15:01:21.950+08:00Hi skipper,
Don't reveal the answer here. May...Hi skipper,<br /><br />Don't reveal the answer here. Maybe, you can do a guest blog on this. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85695692932902185152013-03-14T14:54:39.791+08:002013-03-14T14:54:39.791+08:00AK,
The American one, lost some but the British o...AK,<br /><br />The American one, lost some but the British one was almost $20k more than what I put in.<br /><br />The customer service was a world of a difference between the two. Guess which was much, much (emphasis) better ?skipperhttps://www.blogger.com/profile/17270944477476685188noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33983151975733119902013-03-13T17:03:29.004+08:002013-03-13T17:03:29.004+08:00Hi SnOOpy168,
Wah! 50% commission?! OMG!Hi SnOOpy168,<br /><br />Wah! 50% commission?! OMG!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19985281098032368322013-03-13T16:54:05.480+08:002013-03-13T16:54:05.480+08:00Hi Poh Soon,
A term policy that gives you back mo...Hi Poh Soon,<br /><br />A term policy that gives you back money? That seems like a good deal! <br /><br />My 10 years term life won't give me any money back at the end of the 10th year. :(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55118584904449140582013-03-13T16:48:07.112+08:002013-03-13T16:48:07.112+08:00AK . I had left that industry over 14 years ago. I...AK . I had left that industry over 14 years ago. I am unsure if anything said of those days will bear relevance today. <br /><br />Afterall, it is only a few months and by their standards, I am classified as a loser / drop out.<br /><br />Certainly don't missed those days. But on the whole, it has given me insight into how this "1st year 50% commission" industry works. SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54060403851613072662013-03-13T16:43:24.711+08:002013-03-13T16:43:24.711+08:00I had bought a term insurance from Prudential, whi...I had bought a term insurance from Prudential, which will matured in 6years time. Still not sure whether i will get more than the amount that i paid over the year.Poh Soonhttps://www.blogger.com/profile/13133793415765270549noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45368374822750959722013-03-13T16:01:30.386+08:002013-03-13T16:01:30.386+08:00Hi SnOOpy168,
So you left the Dark Side? Hahaha.....Hi SnOOpy168,<br /><br />So you left the Dark Side? Hahaha... Kidding. A guest blog about your time as an insurance agent sounds interesting. ;p<br /><br />I guess the 5 figure cheque you received from the insurer is more than all the premiums you paid since 1994?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88814452057751856682013-03-13T15:48:07.787+08:002013-03-13T15:48:07.787+08:00AK
I do not know of any other stars, but Jackie C...AK<br /><br />I do not know of any other stars, but Jackie Chan won't endorse anything unless he used and is convinced of it. eg that certain herbal hair shampoo.<br /><br />Having spend a few months in the insurance business, knowing that most agents knows nuts about their products. Only that if you sell the "flavour of the month", there are more incentives. They are humans on SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25467718199697037512013-03-13T13:48:08.429+08:002013-03-13T13:48:08.429+08:00Hi Poh Soon,
You are absolutely right and an inve...Hi Poh Soon,<br /><br />You are absolutely right and an investment return of 3.5% per annum is not too difficult to achieve.<br /><br />I recently bought a 10 year term life. Coverage: $440k. Premium: $800+ a year. The cost of insurance is about 0.2% per annum which is fairly cheap. This product which is also from AXA makes sense for me.<br /><br />For me, to be convinced to use money in the OA AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37150103107649783802013-03-13T13:20:29.833+08:002013-03-13T13:20:29.833+08:00I was convinced to buy a product from Prudential m...I was convinced to buy a product from Prudential many years back using funds from CPF special account. Up until today, it is still losing $$. In addition, i also lose out in the should be received Interest for CPF special account.<br /><br />Typically, if one able to save the same amount and make 3.5% passive income, they should not bother with that insurance plan, which claim to inflation Poh Soonhttps://www.blogger.com/profile/13133793415765270549noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89684267475443370402013-03-13T11:02:27.760+08:002013-03-13T11:02:27.760+08:00Hi skipper,
I hope you got back more than what yo...Hi skipper,<br /><br />I hope you got back more than what you put in over the years, not considering inflation in the same period of time. Of course, we have to be realistic and take into consideration the cost of providing insurance all those years.<br /><br />Coincidentally, I received a cold call from an insurer when I was replying to SnOOpy168 earlier. <br /><br />Usually, I wouldn't AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40385295102639575392013-03-13T10:51:22.350+08:002013-03-13T10:51:22.350+08:00Hi SnOOpy168,
They are probably paid to be at the...Hi SnOOpy168,<br /><br />They are probably paid to be at the event but if they are promoting the product, does it mean that they genuinely believe in the product or does it mean that they believe the product is genuinely good? There is a difference. ;)<br /><br />Of course, if we are cynical, we could say that they don't really care as long as they are paid to be at the event. :(<br /><br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83462817232396381842013-03-13T09:57:49.045+08:002013-03-13T09:57:49.045+08:00AK,
I just cashed out 2 $75k Whole Life policies ...AK,<br /><br />I just cashed out 2 $75k Whole Life policies bought in 1992. One gave back $38k and the other $57k. What a big difference. Both are big MNCs. One is American and the other British. The Brit did much better in this case. All of them have caveats on their returns and you will only find out when you cash in.<br />skipperhttps://www.blogger.com/profile/17270944477476685188noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91313541937555672122013-03-13T09:47:26.832+08:002013-03-13T09:47:26.832+08:00Those flower pots & vase are just paid to show...Those flower pots & vase are just paid to show faces. <br /><br />This product looks very tempting on the surface. To the lay persons, like my elderly (dad) & mom some years ago was talked into buying some 10 year contracted products call Vitamin-something @ DBS bank, which gives a few payout initially than stopped. Excuses me, for 2 70+ years old. Thats a bit long time frame right ? Too SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.com