Saturday, October 16, 2021

Big difference in surrender value and projection

 This policyholder was shocked that the insurance company quoted him a surrender value that was $20,000 less than their projection.

https://fisca.sg/ArticleDisplay.aspx?ID=1076
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2 comments:

Anonymous said...


Thomas Sowell


Very smart man

MANY COLLEGES AND UNIVERSITIES ARE OPENLY OPPOSED TO PERMITTING MR. SOWELL TO LECTURE THEIR STUDENTS AND FACULTY."




Like Churchill, concise and to the point!













Thomas Sowell grew up in Harlem N.Y., served in the Marine Corps during the Korean War, graduated Magna Cum Laude from Harvard, Masters from Columbia, economist, social theorist, philosopher, author, Senior Fellow Hoover Institution, Stanford University, National Humanities Medal, Francis Boyer award.

HIS QUOTES:

“There are no solutions. There are only trade-offs.”

Competition does a much more effective job than government at protecting consumers.

When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.

I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money.

People who pride themselves on their “complexity” and deride others for being “simplistic” should realize that the truth is often not very complicated. What gets complex is evading the simple.

Many of the dangerous things that drivers do are not likely to save them even 10 seconds. When you bet your life against 10 seconds, that is giving bigger odds than you are ever likely to get your destination.

Most problems do not get solved. They get superseded by other concerns.

People who talk incessantly about “change” are often dogmatically set in their ways. They want to change other people.

October 16, 2021 3:03 AM
Anonymous said...

The dirty business of new property launches.

We called a number regarding a new launch. Was given an appointment to view the show flats and if keen to submit IC with a blank check for the soft launch for balloting.

Yesterday we received a call from ERA that our Q number was over 200 and our appointment time at their Toa Payoh office was 4plus. Was shown the units we had indicated interest that only 2 such units were left: the penthouse and one below were higher in price because of view. Was told in the morning people had come and booked in bulk using different names. Grrrrrrrrrrr, balloting or some were given 1st choices because of the bulk purchases? Big question mark. Only the developer and ERA knows the behind scenes.

Prices advertised for starting from $2200, $2400 and $2500 psf upwards for the freehold 130 estate has now been changed to $2700, $2800 and $2900 psf because they have received 400 interested blank checks for the 130 units during the show flat viewings. Was told that since they did not have to buy the land ( they owned it) they were sincere in selling at a good price?

Was also told that we have to bid for the units we had shown interest in if they are more than one purchaser. Grrrrrrrrrrrrrrrrrr, were these so-called more than one planted?

Greed has no limits in this country. With the multitude of laws that have in this country, one can never feel at ease even buying properties? And all those at the top still sleeping in their job!

October 17, 2021 9:21 AM

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