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Bank-Financed "Premium" Financed, Insurance Policies offering up to 10.6% pa returns, Really Good ?

Thread starter Rabbit7
Start date Mar 22, 2021

Rabbit7

Alfrescian

Loyal

Mar 22, 2021

Are there anyone out there who are into the above product type ?

Bank Lends about 2/3rd of the inflated policy cover,... wait 3 to 5 years,.. then every year the insurance pays a dividend (.. bank collects interest on principal only,.. forever owe bank the principal amount)

Because of the low time deposit rates, many seem to be looking into such products.

Are they really as "good" as they promise ?

Thanks

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