Thursday, October 19, 2006
*Personal Life Insurance*to nini.
100 k u think enough for ya father to spend for the rest of his retirement meh?
haha.=p
i mean.why not let ya money work harder for u right.
i joined the session with my boss n my aunt today.
and my aunt is sorta attracted by the investment that she wans to take out S$20,000 cash money to invest.
and boss showed me the return of his existing client..in jus past one month his client earn around 3 k plus.
if ya dad is like wanting to be on the save side.dun take out all to invest la.
but let JERRY do financial planning for him for FREE...
and prob he will suggest what he can do and prob do a financial planning for ya whole family also.
it will be recommended lor.
especially is a good age for ya parents to plan for retirement.
and pru got some recommended retirement plan.can hear hear know more also good.u can be around to listen also.good for knowledge.=p
as for saving plan.coz u going to settle down earlier n u are u-know-u-dun-wan-to-work-for-too-many-yrs type.so is also good to plan now..like see how much u wan to save and by when u wan to get this amount and piang for that few for the on coming yrs.and u will get to enjoy life then.
i got a saving plan from AIA last yr.but abit regret coz i wun get back my maturity...
is $60 per month and cash payback $400.also for 25 yrs.
boss calculated..in the end of 25 yrs onli getting back or rather earn 5ooo plus only.
but for pru cash n pru save.got budget...u at least earn 12000 lor.but nvm la.at least some saving..
and i m getting myself a LIFE insurance le.
PAA (PRULINK Assurance Account)
its with investment..
haha.
coz my aunt got this plan when she was 22.like 12 yrs back lor.
and her policy is gonna breakeven soon with her investment earning.
12 yrs-around 11ooo plus.which traditional life insurance can only breakeven fter 20 odd yrs.
so is pretty good.
and y i wan to get now is because of the sum assured.
my aunt brought at 22 so with $100 she is covered with $50,000 death, $50,000 crisis cover (critical illness)
but boss calculated for me.if i get now, with $100 i will be covered with $80,000 death, $80,000 crisis cover.and for the rest of my life i will be paying onli 100 bucks for such a sum assured. unless i increase my sum assured la.which i will when i start to work or i get married.
i wanted to pay less in future.so i suggest my mum to "lend" me money to get first lor.
and my mum say to get for my bro also.n at the age of 15--sum assured around $90000 for the same premium.so age does matter..=p
the few days back.boss told me the story that his manager told him
last time his manager THOMAS (not nini's thomas)
he got a very good buddy, closest till they pop by each other place and they noe each other parents well la.
nevertheless, thomas din sell his buddy any policy and din even recommend n asked cause he is afraid that it might spoil their relationship...
then one day!!!! thomas's buddy got into a accident that leds to death...
HIGH lor...seriously
the 1st question that his buddy's parent asked was :" how much policy coverage has he (his buddy) brought from u?
he was dumbfounded.he din noe how to answer his parents.
coz he din even suggest to him to get a coverage..
and his buddy's parents assumming that thomas were had sold him some policy to get him covered as such a good BUDDY..
quite sad in a way la.so when i heard, i actually wrote my 1st post after so long...haha.about getting my close fren covered.that's why lor.
at least i think i should bring across to u guys.
I WAN ALL TO GET COVERED.jus in case a critical illness strike (TOUCH ALOT OF WOODSs).
u will be able to save yourself.
if u have a budget.
is always good to start with a life insurance because premium changes higher as u get older.and is the basic that u should have.
but for saving plan.no matter how old u save.the premium and return wun differ alot. (but not too old la.if not u wun even get a chance to enjoy it.too old to enjoy.haha.)
since i m in touch with this industry now.i wish to bring what i have learnt across to u all lor.
y i suggested PAA is because there is investment.
if investment do good...wohoo! u will get alot for retirement
but let say if investment doesn't goes well (TOUCH MANY MANY WOODSs). u are still covered with the sum assured.=p
