Dear Mr Tan,
I like to ask upon your views on premium financing for annuities. The concept of premium financing is rather new to me as it wasn’t available back then. The spread for my loan is 0.75%+ 3M COF rates from a local bank. The current rate of 3M COF is at 0.28% now.
I couldn’t find any negative points except the premium financing may affect my TDSR in the event i decided to buy a new property. I live my whole life without taking more debt than i can handle, i have no car loan or mortgage presently. Leveraging on low interest debt like this, in pursuing higher roi returns, increasing monthly cashflow sound like a good idea to me. I attached the BI for you to look through and advice if necessary.
REPLY BY TKL
I advise people, NEVER make any investment with borrowed money.
This includes financing the purchase of annuity.
If you want to know why, you should join FISCA and read this article
https://fisca.sg/ArticleDisplay.aspx?ID=707
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