I posted 1 week ago of something I want to gather regarding something I was curious about. The insurance policy that we were pestered to purchase from the sellers at MRT stations or from your trusted personal advisor, do they promised the high returns in the projection?
You can take a look at the result here at the bottom section of this post.
A policy that actually lost money?
What was surprising is that I never expected them to lose money. I thought its not possible. The participating fund or the underlying instrument should invest in bonds and when they matured they should be in the black, even at worse they lose out to inflation.
So the policy details are as such:
- Name: Great Eastern S-Lion
- Start Year: 1996
- End Year: 2011
- Duration: 15 Years
- Premium Paid: $739.60 annually
- End Value: $5155.92
- ...
