Dear Mr Tan,
Here is my two cents worth for investment linked products. My wife being the naive person she is bought some insurance/investment plan from DBS/AVIVA called her assurance gold in a bid to earn a decent return on her hard earned money but alas she was sweet-talked by a financial planner to sign up for the plan.
Once the plan had been signed, the financial planner did not call her for the next 5 years and she had faithfully contributed $500/mth to this plan.
She started investing in this product in July 2004 till present Nov 2011 which would make it a total of 77 months of premium paid up to date. (Do correct me if I got the months wrong) Thus paying up to $38,500 in total. The current value is worth only $26,650.22 which a loss of 31% (no including inflation)
After selling the policy, ......
