Seems I am pretty backward when it comes to insurance products. I was recently introduced to a new ILP plan from Company X. Some hype about it includes: - 100% premium allocation (Most ILPs suffer allocation charge for first 3 years) - No Bid-Offer spread (Normally a 5% spread which is like a sales charge) [...]

tomorrow, tokio marine life insurance will be unveiling the enhanced tm legacy plus (lp). what is tm legacy plus (lp)? this is tokio marine’s response to manulife’s life protector plus, a pioneer of the whole life plan embedded with minimum protection value. this was followed by uob life uob maxi secure (bought over by prudential [...]

A consumer approached me for advice. He invested his CPF savings and regular savings in an investment-linked policy sold to him by a friend. After some time, he found that the value of his savings had depleted by nearly 40 percent. He was concerned and approached me for advice – should he terminate his policy. [...]

While whole life policies can be a relatively pricey way to obtain insurance coverage, there are some people who may be more inclined towards such policies. I will always point out the alternative strategy of buying term and investing the rest, highlighting the pros and cons of both strategies. A small allocation to a whole [...]

during my monthly life insurance training class yesterday, one of my advisors raised a concern on his existing client, a family who incepted a shield plan plus rider some time back, but not from him. what is my advisor’s concern? during a very recent meeting with his client, the head of the household (in this [...]

Aviva is introducing MyLifeChoice, a new participating whole life insurance policy that features a Minimum Protection Value (MPV) and Guaranteed Extra Protection (GEP) option amongst other new features. Aviva MyLifeChoice replaces IdealLiving, Aviva’s previous whole life offering, and marks the extinction of guaranteed premium rates for critical illness coverage in the market. MPV has been [...]