11 Jun '11, 2pm

IM$avvy $avvy Blog Corner: Looking deeper into the benefit illustration #planning

IM$avvy $avvy Blog Corner: Looking deeper into the benefit illustration #planning

There are a couple of things you should take note when it comes to the benefit illustration. The first thing is that you should always take the projected investment return with a pinch of salt. Insurers may have a tendency to use a higher projected investment return to make the numbers look nicer. As such, it is always prudent to ask yourself if the projected investment return is realistic. That is because, such a plan represents a long term financial commitment and it may be detrimental to your financial plans if the insurer fails to meet the projected returns down the road. Perhaps, the easiest way is to look at the guaranteed amount of the surrender value since this is the amount that the insurer must give it to you if you terminate your policy. In this case, the guaranteed portion of the surrender value is always less than the total premiums paid. Neglecting the time v...

Full article: http://www.cpf.gov.sg/imsavvy/blog_post.asp?postid=162780...

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