Q: Wilfred, I bought the Manulife InvestReady last year. I was given 10% Capitavouchers of the annualized premium. The premium I am paying is $12,000 for 3 years. Thereafter, I was told I could surrender at no charge or simply continue with the policy without the need to pay premium. There is an administrative charge of 0.7% per year throughout the policy period and supplementary charge of 1.8% … [Read more...]
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Analysis of PruGolden Retirement
One of my client showed me this policy as her friend wanted to prospect her to buy this product. The PruGolden Retirement that was proposed to her was a regular premium retirement product that provides a stream of monthly income starting at the retirement age of 65 years old for a period of 20 years. The PruGolden Retirement’s monthly income consists of $1000 (guaranteed) and $595 … [Read more...]
Analysis of Swiss Life Alpha and Alpha Plus – read before you buy
Swiss Life Alpha and Alpha Plus are Variable Universal Life targeted at high networth individuals who would like to have a high amount of insurance. The insurance is to be funded by any investments of their choice. In fact, it is possible to use existing investments to fund the insurance. Here is how the Swiss Life Alpha works: Let’s say the death benefit (or sum assured) required is … [Read more...]
Analysis of ManuRetire from Manulife distributed by DBS
ManuRetire is a retirement product that is exclusively distributed by DBS on behalf of Manulife. The ManuRetire should not be confused with another product called Manulife RetireReady which is distributed by Manulife agents , IFAs and DBS as well. In order to analyze the suitability of a retirement product, the product must fulfill two criteria: The product is required to provide a … [Read more...]
Manulife Heirloom (I) product specifications
The Manulife Heirloom (I) is a Universal Life. This policy is issued from the Manulife insurer in Singapore. You are reading this article because your relationship manger, a Manulife agent or an independent financial adviser proposed to you this product. This article provides a brief outline of the product specifications of the Manulife Heirloom. If you require more information on Universal Life, … [Read more...]
NTUC Income FlexRetire launch
The NTUC Income FlexRetire is a regular premium endowment which is targeted for those who wish to receive a regular income when they retire. The NTUC Income FlexRetire’s regular premium is payable up to 55/60/65/70 last birthday. FlexRetire payout period is for either 10, 20 or 30 years. For those with pre-existing conditions, no worries. The good news is that there is no medical … [Read more...]
Withdrawal of TM Legacy Lifetime & TM Legacy Plus
Tokio Marine Life Insurance Singapore Ltd withdraws the TM Legacy Lifetime and TM Legacy Plus yesterday. A mass email was sent yesterday at 4:37pm stating that: "Please be informed that TM Legacy Plus and TM Legacy Lifetime are withdrawn for new business with effect from today, 22 December 2014 (Monday). " Existing proposal can still be submitted and must reach Tokio Marine by 26 December … [Read more...]
NTUC Income launches SpecialCare (Down Syndrome)
SpecialCare (Down Syndrome) - NTUC Income announces the first insurance coverage for children with down syndrome. SpecialCare (Down Syndrome) provides the following benefits: For child with Down Syndrome covered using SpecialCare (Down Syndrome): Permanent disability of insured person: Up to $60,000 Outpatient expenses due to accident: Up to $300 for each accident, maximum $3,000 each … [Read more...]
An analysis of Blackrock Global Equity Income Fund
You will see Blackrock Global Equity Income Fund being advertised aggressively in Straits Times, billboards at Raffles Place MRT station. They have also created a BlackRock MRT Nets Flashpay card! This article will provide a simple analysis of the Blackrock Global Equity Income Fund. The Blackrock Global Equity Income Fund is a global equity fund which is benchmarked against the MSCI AC … [Read more...]
Analysis of PruGolden Income Premier, Aviva MyIncomePlus and others
This is an article on how to analyse retirement products specifically single premium types. A typical retirement product is manufactured by insurance company. Typically when you buy a retirement product you will consider the following: The period of ‘accumulation’ phase and the length of ‘payout phase’. Whether is the premium single premium or regular premium? Whether the payout is … [Read more...]
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