Saturday, September 25, 2010

Universal Life [2]

I have extracted a few articles from the Internet about universal life and compiled them into a document. It shows  the key features of universal life. This type of policy is now quite popular in a few countries and may be introduced in Singapore. It is good to learn about the features of this policy, but consumers should be aware about the charges as shown in the benefit illustration (i.e.effect of deduction and distribution cost). If the charges are low, this type of policy can be suitable, as it has flexibility and pays an interest rate that is higher than bank deposits. Read www.tankinlian.com/latest.aspx.
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2 comments:

zhummmeng said...

Universal life is a single premium wholelife and is also a scam product by another name targeting at HNWIs.
If insurance agents want to make good money sell this product and rob the rich BUT don't steal from the poor with the regular or limited pay wholelife.
This product with some variations is sold by AIA, PRU, HSBC, GE, Manurelife,Transamerica and Zooric...

September 25, 2010 4:21 PM
Philip Chua said...

Universal life is commonly used by HNW individual for legacy planning and it was usually provide through private bankers. It has since evolved into a wealth distribution tool even affluent individual on Singapore can now have access to it for wealth distribution planning. You can read more information at universal life insurance singapore

October 19, 2012 10:58 AM

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