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A consumer sent me the benefit illustration and asked if it offers a good return.
The consumer, age 65 male, invests a single premium of $300,000 and receives a guaranteed monthly annuity of $1,181...
23 Aug 2017, View: 410.
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Dear Mr Tan,
Recently I enquired about a 12.45% interest, 6-year structured deposit as advertised by OCBC bank. The OCBC staff who attended to me explained that not only is the capital guaranteed aft...
24 Apr 2017, View: 282.
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Mr Tan,
Can I solicit your advice on this product?
My Citi RM is trying to get me interested in this product.
My experience from 2007-2008, has made me wary of RM's foisting financial products on u...
06 Apr 2017, View: 80.
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The policyholder took the policy at age 44 and is required to pay an annual premium of $6,273 for 14 years until age 58.
From age 63, the policyholder receives an annual income that comprise of a g...
05 Apr 2017, View: 49.
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Dear Mr. Tan
I have a similar pIan (to the Friend Provident Global Advance plan) and a similar experience. I have since cancelled the plan, incurring a tremendous loss of 5 figures. I told...
05 Apr 2017, View: 68.
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A policyholder send this Benefit Illustration to me. She was very angry that the independent financial adviser did not explain to her the charges under this plan.
She approached a private ban...
03 Apr 2017, View: 118.
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The Aviva MyCare policy is a life insurance policy that provides for long term care. The policyholder, age 43, pays a premium of $564 a year for the whole of life.
When the policyholder becom...
30 Jan 2016, View: 372.
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Dear Mr. Tan
I want to seek your independent advice about the Infinite VIP from Tokio Marine. It is recommended to me by an agent.
The plan requires me to invest a single premium of $133.350. Af...
23 Mar 2015, View: 31.
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1. The guaranteed payout of $5,250 a year over 10 years for a single premium of $50,000 gives a yield of 0.47% p.a. This is extremely low.
2. The projected payout of $6,97...
01 Jan 2015, View: 23.
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RATING: AVOID
This is an investmentĀ link policy.
The Benefit Illustration (see PDF below) shows a monthly premium of $100 invested in the Asia Growth Fund. The insurance amount payable on death,...
10 Nov 2013, View: 150.
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