Here is an analysis of the Retire Happy plan from AXA. The features are similar to the retirement plans recently launched by several life insurance companies.
Take a look at the distribution cost and the effect of deduction. They are extremely high. Understand the impact of these charges on your accumulated savings.
Do the exercise in this paper.
http://tankinlian.com/admin/file.aspx?id=825&IID=832
Take a look at the distribution cost and the effect of deduction. They are extremely high. Understand the impact of these charges on your accumulated savings.
Do the exercise in this paper.
http://tankinlian.com/admin/file.aspx?id=825&IID=832
NEVER , NEVER BUY ANY PAR INSURANCE PLANS BY WHATEVER NAMES THEY ARE CALLED.
ReplyDeleteBY 1ST JULY ALL RATES OF RETURN WILL BE ADJUSTED BY 0.5% AT BOTH ENDS (4.75% & 3.25%) AND THE RETURNS WILL BE EVEN POORER.
BEWARE....THE AGENTS MUST HIGHLIGHT THIS TO YOU AS A DISCLOSURE.