Monday, May 09, 2022

Case study - continue an existing life policy?

 A policyholder bought a participating policy 36 years ago and paid an annual premium of $800. The surrender value is now $57,389.


He is now age 65 yo. Should be continue the participating policy?

6 comments:

  1. The safest bet is money in your CPF?

    ReplyDelete
  2. Insurance is a manipulation of the elderly.

    ReplyDelete
  3. I ordered horfun from this stall. The photo image looked very tempting. I collected it when was ready. One shrimp, one small slice of pork, one green veg stem but lots of slices of fish cakes. When I query about the ingredients, the Ah Soh shouted back, you think your $6.50 so big arh, everything so expensive.

    ReplyDelete
  4. Life is a series of pulls back and forth.
    Most times it hurts, yet you know it shouldn't, like a pull on rubber bands.
    There are times of a wrestling match.
    So which side wins?

    ReplyDelete

  5. Raising the fine quantum for MP’s disqualification a step in the right direction: Sylvia Lim

    Khan got $35K fine for lying in Parliament.
    Sylvia Lim wishes Pritam and that guy will get less than below $10K fine for lying under oath and concept so as not to get disqualified! Let's wait and see.

    ReplyDelete
  6. No way his policy will give him 4.19% yield for the next 10 years.

    More likely it will be half that i.e. around 2% yield. Bonds are getting crushed with secular inflation & the end of 40-years bull market for bonds.

    But likely he'll continue & pay $8,000 to the company.

    Sinkies deserve to be screwed.

    ReplyDelete