Insurance
A tale of 2 annuities
By Patrick Lim  •  February 27, 2008
Read about Patrick's comments on a recently published article in the Straits Times on Prudential irregular payment for the annuity plan. By: Patrick Lim A tale of 2 annuities - Part 1 Problem of annuity paid on irregular dates I refer to the CPF life annuity, a new scheme that provides a lifelong income for the elderly in their retirement. As retirees, my wife and i have been happy to receive our individual lifelong monthly annuity since 2005. We felt our decision in 2000 to use our CPF money to buy our annuities under the CPF minimum sum scheme from two different insurance companies was correct. A tale of 2 annuities - Part 2 On February 25, 2008, the Straits Times published Paul Walter Wong Thiam Chwee's letter on his feedback to prudential on the problem of his annuity paid on irregular dates. Today, Prudential has responded and the reply as published in today's forum page of the straits times:
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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