As part of my active crowd-sourcing effort to find out the actual returns of matured investment policy (you can take a look at the results in this post), a reader kindly contributed her matured policy bought 10 years ago.
I realize that insurance companies seldom archive the data on their old plans.
The Aviva MoneySmart looks like an ILP, until you realize someone in Hardwarezone was asking an anxious question whether his mother was duped into signing on to some insurance scam.
Well this is not a scam, however the returns might not be like what it was projected to be.
The details:
- Name: AVIVA MoneySmart (RP) – Ladies
- Start Year: 2008
- End Year: 2018
- Duration: 10 Years
- Premium Paid: $100.85 monthly
- End Value: $13,992.54
- The returns you get: 2.62%
- Does the plan have any cash back or return...
