endowment , early payout , saving plan. more is good?

[MovieStar]

1 month pay about 3k for insurance/early payout/saving plan/endowment.

too much for a family of 2?

more is good? or too much?

or do own investment( property/share ) better yield?

 

[MovieStar]

A financial planner stopped me today outside MRT station for further discussion of saving plan.
i wondering should i buy more？ well, share investment disappointed me.

 

[ginfreely]

1 month pay about 3k for insurance/early payout/saving plan/endowment.

too much for a family of 2?

more is good? or too much?

or do own investment( property/share ) better yield?

1 month pay 3k must pay how many years and can get how much?

 

[MovieStar]

1 month pay 3k must pay how many years and can get how much?

some are 10 years plan, some are life cum saving plan. some bought earlier. some bought recent years.

my partner in charge. so i am not so sure.

 

[ginfreely]

some are 10 years plan, some are life cum saving plan. some bought earlier. some bought recent years.

my partner in charge. so i am not so sure.

As long as you can pay through out and don't let these plans lapse. But I think endowment plans sum assured is low compared to life insurance, so not worth the long term commitment.

 

[MovieStar]

As long as you can pay through out and don't let these plans lapse. But I think endowment plans sum assured is low compared to life insurance, so not worth the long term commitment.

yes. thank you. but i am not sure, should i buy somemore? is it 3k per month a bit too much.
we can afford and pay through out now. however i may worry i lose my job or ability to work one day.

then with single salary, hard to maintain it monthly

 

[frenchbriefs]

see what the return is like loh,and what is the guaranteed portion of the payout....normally they arent very good,projected returns maybe 2 to 3 percent and the guaranteed portion may be even less than the total premiums u put in.frankly u are just better off investing on your own......even if u are unsure how to invest or unable to stomach a lot of risk can always build a passive index portfolio and lean more heavily towards government bonds.

 

[ginfreely]

yes. thank you. but i am not sure, should i buy somemore? is it 3k per month a bit too much.
we can afford and pay through out now. however i may worry i lose my job or ability to work one day.

then with single salary, hard to afford it monthly

Whether 3k is too much depends on your income, coverage and your ability to pay. You have to assess whether the coverage is enough or too much based on your needs and consider the likelihood of losing your job.

 

[ginfreely]

Whether 3k is too much depends on your income, coverage and your ability to pay. You have to assess whether the coverage is enough or too much based on your needs and consider the likelihood of losing your job.

I just read MAS estimated the insurance coverage (sum assured) one requires is about ten times of one's annual income.

"...the protection need of the average working adult, estimated at 10 times of annual income2 based on a 2012 Protection Gap Study3 commissioned by the Life Insurance Association, Singapore (LIA)."

http://www.mas.gov.sg/news-and-publ...-insurance-companies-without-commissions.aspx

 

[MovieStar]

I just read MAS estimated the insurance coverage (sum assured) one requires is about ten times of one's annual income.

"...the protection need of the average working adult, estimated at 10 times of annual income2 based on a 2012 Protection Gap Study3 commissioned by the Life Insurance Association, Singapore (LIA)."

http://www.mas.gov.sg/news-and-publ...-insurance-companies-without-commissions.aspx

so much?.................

 

[ginfreely]

so much?.................

Protection of ten times of annual income is not too much based on median household income in Spore of about 8k plus per month in 2014. So about one million in insurance protection only for whole family.

"Among resident employed households, median monthly household income from work rose from S$7,870 in 2013 to S$8,290 last year, a 5.3 per cent increase in nominal terms, or 4.1 per cent increase in real terms."

http://www.businesstimes.com.sg/gov...edian-household-income-from-work-grew-in-2014

 

[GoldenDragon]

1 month pay 3k must pay how many years and can get how much?

go give banglas fuck lah

 

[jw5]

go give banglas fuck lah

Stop polluting this thread please.

 

[ginfreely]

go give banglas fuck lah

Tell that to yourself and your castrated dog family.

 

[GoldenDragon]

Stop polluting this thread please.

pollute your mum's pussy can ? fuck off lah unwanted forumer who acts like he is god's gift to mankind. let mark yeo fuck ur granny mummy wife and daughter all at once. you can pcc behind the curtain lah and use it to wipe your one inch prick.

 

[GoldenDragon]

Tell that to yourself and your castrated dog family.

done. next ?

 

[chootchiew]

1 month pay about 3k for insurance/early payout/saving plan/endowment.

too much for a family of 2?

more is good? or too much?

or do own investment( property/share ) better yield?

Sis, why u gv people your money ?
Insurance are all nonsense. Ponsi scheme.

 

[MovieStar]

Sis, why u gv people your money ?
Insurance are all nonsense. Ponsi scheme.

my partner bought, not me.
then, i lose too much in shares, so may rather invest in saving plan/endowment.

 

[Leongsam]

1 month pay about 3k for insurance/early payout/saving plan/endowment.

too much for a family of 2?

more is good? or too much?

or do own investment( property/share ) better yield?

Why don't you invest the same amount of money in a venture that you have control over instead of handing it over to someone else.

 

[blueRad]

Unless you have lack the discipline to save, there is no need to buy any endowment policy. Just focus on protection and invest the rest. Even STI ETF offer higher returns than all these endowment plans.