tag:blogger.com,1999:blog-11702093.post5123823739805282728..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Buy Term and Invest the DifferenceTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11702093.post-76962940728472452602009-01-15T06:15:00.000+08:002009-01-15T06:15:00.000+08:00Anonymous in AL:TMAN is very fortunate that he pro...Anonymous in AL:<BR/>TMAN is very fortunate that he produces for what is arguably best permanent insurance product line available bar none. Also most NML agents are far better trained and professional. I do not recall an incident where an NML agent has oversold a permanent policy at the risk of under insuring clients. It is unfortunate for TMAN/NML that other companies do not aspire to the level of NML and issue policies for the benefit of their policy holders. NML is the exception and not the rule, therefore buy term and invest the difference makes most sense for most consumers. Note:For most UL's or whole life policies insurance portfolio's I review (assuming the company supplies an in-force-ledger) we are looking at optimal times to bail out and are layering term insurance to fix the need analysis. As for NML, I do not recommend a replacement and incorporate the policy into the conservative bond portfolio mix. In my practice I promote buy term and invest the difference. The invested difference is key and usually takes the form of maximizing 401 k matching contributions,Roth IRA accounts or section 529 programs. So I agree with Mr. Tan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-20479214028237582852007-12-09T03:12:00.000+08:002007-12-09T03:12:00.000+08:00Your rate of return on the permanent insurance is ...Your rate of return on the permanent insurance is very conservative to say the least. Now, what about the expenses built in to the funds? What happens in 30 years? Life insurance is long term and there is a very high probability that the cash value in permananent life insurance can be accessed without creating a taxable situation. Also, cash values in permanent insurance are not subject to market risk. Yes, I am an insurance producer and I work for NMFN and am proud of it. Remember to diversify your portfolio.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-21498870746530296332007-11-24T13:20:00.000+08:002007-11-24T13:20:00.000+08:00Thank you for educating us on insurance especially...Thank you for educating us on insurance especially from an expert like you. All this while the insurance agents never told us. They have us believe that tradition wholelife and endowments with cash value are good for protection and saving. They never told us the setbacks of this type of plans. What the others say about insurance agents being unethical and unscrupulous is true after all.Eg.I found out from an NTUC insider agent that that the agents like to sell limited premium living plan and Revosave because they carry very high commission for agents to qualify for contest. They are expensive but they give low return and low insurance coverage.No value for money. Customers can be suffocated financially over time and worse they can only meet a bit of your needs. Why buy them ? I guess those who bought must have been unduly misled and seduced into it.Anonymousnoreply@blogger.com