Monday, December 05, 2016

A better way to insure and invest

Dear Mr. Tan

Hi Mr. Tan, I am exploring SAF group insurance where I have checked that the premiums ($410/yr for $1m) are about 55% cheaper than in the market ($900/yr for $1m). I am at age 27 and is looking at the death/tpd insurance until age 65.…/for-…/mindef/group-term-life.html

*In the above website, it states that the premium is same until age 65* I believe this is the most value for money plan where I can invest the savings into index fund. Please advise your recommendation. Thank you.

I agree with you. This is a good plan to provide insurance protection. The savings can be invested in an index fund (STI ETF) to get a much better return that the payout from a life insurance policy.

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