Hi AK,
I am a new reader to your blog and was awestruck by the tons of wisdom and knowledge contain in your blog. How I wish I could have come across your blog sooner.
I have a question which I wish to seek your advice. I chanced upon a POSB roadshow that is selling this product: ManuRegular Payout
(https://www.posb.com.sg/personal/insurance/savings-with-protection/rsp/manuregular-payout?pid=sg-posb-pweb-insurancehome-featureproducts-insurance-manuregular-payout-btnlearnmore)
As seen on the website, the relationship manager claimed that the total GUARANTEED (yes, he used that word) benefits is S$98,352. This is more than the premiums that I will pay (assuming if I sign up the plan). Moreover, the premiums I paid will be capital GUARANTEED as well! I will also be eligible for higher bonus if I put back the annual fixed cash benefits rather than withdrawing them.
I did a simple maths and compared it with putting the money in my CPF's SA. For a period of 13 years, with interest rate at ......