18 Jun '11, 2am

IM$avvy $avvy Blog Corner: Benefit Illustrations #insurance #planning

I was Google-ing something when a sponsored link from Company P appeared at the top. Well, curious, I followed the link to the Company website advertising a Super Growth plan. Wondering what was so Super about it, I scrolled down and checked out the illustration. I couldn't believe what I saw, a single premium of about $100k would become close to $700k by age 62. It attracted me enough to do a little math. Indeed a Super return. So I decided to punch some numbers and $100k compounded at 9% for 27 years (62 - 35) is actually $1mil! Where did $300k (30%) "disappear" to? And for $100k to become $700k it is only a 7.47% pa return. Anyway, I also wondered if 9% compounded returns for 27 years is really achievable by unit trusts. So I did a quick search on FSM for funds that have achieved above 9% average returns for more than 10 years. Of the about 400 UT available, 114 have da...

Full article: http://www.cpf.gov.sg/imsavvy/blog_post.asp?postid=331811...

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