This investment gave me a total return of 80% over 10 years. It represented a yield of 6.2%.
If I had invested a similar sum in a single premium life insurance policy, the total return would likely be only 40% giving a yield of less than 3%.
What is the learning point? Read this article.
http://www.fisca.sg/ArticleDisplay.aspx?ID=518
If I had invested a similar sum in a single premium life insurance policy, the total return would likely be only 40% giving a yield of less than 3%.
What is the learning point? Read this article.
http://www.fisca.sg/ArticleDisplay.aspx?ID=518
The public must realsize that insurance products are NOT investment ; they are insurance.
ReplyDeleteYes, this must be the first lesson to learn; insurance is about insuring against unexpected events and not saving nor investment.
ReplyDelete