Insurance
axa life – launch of MaxSaver
By Patrick Lim  •  November 9, 2011
axa life have just added another traditional product to her stable with the launch of axa maxsaver. what is axa maxsaver? this is a participating endowment product that comes with 2 premium term options: a. MaxSaver 8 – a limited pay regular premium plan with a premium term of 8 years and coverage of 15 years; or b. MaxSaver 60 – a regular premium plan that requires premium payment till age 60, my comments: in the current investment climate, with capital chasing yield and risks are expected to remain on the downside (at least over the short and medium term), axa maxsaver offers a guaranteed return at maturity of 100% of the sum assured. for both plans (without supplementary benefit/s), axa life boasts of a simplified underwriting process and policy issuance is subject to one health declaration and on condition that the applicant has not been diagnosed by a doctor ......
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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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