Insurance
Participating Policy Illustrations Will Be Lowered From 1 July: Here’s All You Need To Know in 2 Minutes
By Seedly  •  June 11, 2021
If you’re a responsible working adult, there’s a high chance you might already have your insurance needs sorted out. And you’re currently holding on to a Participating (Par) policy, or looking to get one, there are some upcoming changes to take note of. The Life Insurance Association (LIA) has announced that the illustrative investment returns used in par policies will be reduced with effect from 1 July 2021. If that sentence above is a chunk of words that look foreign to you, don’t worry as we will break it down for ya. Source: Tenor Okay, not this break it down. You get what I mean. Here’s all you need to know about the upcoming changes!...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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