Tokio Marine Life has launched its latest single premium plan, TM Wealth Enhancement (ENRICH). It’s a 5 year participating savings plan which matures with bonuses. From the look of it, it is almost similar to NTUC Growth plan. Here’s some of the details in comparison:Death/TPD benefit NTUC – higher of sum assured + bonus OR 125% single premium/cash value (unless due to age/health condition)TM – 125% of single premium + attaching bonuses (unless due to age/health condition)Accidental death benefitNTUC – 2X of original sum assured + attaching bonusesTM – additional benefit (equivalent to death/TPD benefit excluding bonuses) other than death/TPD benefit What’s of greater interest is the yield on principal.Investment of $200,000 and above command a slightly higher return. NTUC GROWTH
Which is a better recommendation to buy for 50k ?
TM Wealth Enhancement or NTUC Growth ?
Hi Andy,
Apologies but I am not qualified to advice.
You may want to contact the author Ee Min (http://www.eemintheifa.com/p/contact-me.html).
Personally for me, insurance is purely for protection. I will rather look at other types of investment if I have spare cash.
Cheers!
Derek