Great Eastern has re-launched their Great205 Endowment plan, and to be honest, it is rather intimidating to wake up to a Facebook feed filled with promotion shoutouts to it by respective insurance agents.
While it is the Financial Advisors’ jobs to sell and maybe educate the consumers, it is our job as consumers to do our very own research.
Correct mentality to adopt for consumers Do not feel pressured to take up certain policy simply because of marketing words such as “limited time only” and “while stocks last”. There is no lack of good financial products around as long as one does his research. Always take note of the fine prints for any policy and investment instrument
Now, assuming we successfully adopt the above mindset, we look at the GREAT205 objectively.
Key features of GREAT205 3-year single premium – consumers will invest a lump sum into the policy which lasts …