In a two-part series, we explore the world of ILPs, or investment-linked plans. In this first part, we talk to asset allocation specialist Brendan Yong and discuss his distaste for ILPs. Could you give one single compelling argument why ILPs are bad for the average person? Brendan: It’s just not cost effective. In an ILP, … Read more
It is common to have two non-guaranteed returns stated in your endowment policy. A lower number and a higher number. It usually range from 3% to 5%. Most people will take the returns at face value. Of course, financial advisors will caveat it is not guaranteed. But that is not the full story. You need to know how to … Read more
Your initial thought when you first discovered ElderShield might have been, “Elder? Who, me?” – especially if you happen to be born in the 1960s, or 1970s. Or that the notification letter from one of the approved insurers administering ElderShield must have been a mistake – or at least vastly premature. Your eyes might even … Read more
This is a reply from Brendan, in response to my post, Is this a Good Deal? – Great Eastern Annual Cashback Endowment Plan. Brendan has gladly allow me to post it here. This will be his first guest post! (Brendan is an Investment Specialist and Financial Advisory Director at SingCapital. He is currently teaching other … Read more
My girlfriend was approached by one of the Great Eastern (GE) agents at an MRT station. She was recommended the Annual Cashback Endowment (ACE) Plan and her initial thoughts was it sounded good as there were cash back and the investor will get more than the premiums he or she paid. She asked me if … Read more