Dear Mr Tan,
I read your blog about low cost term insurance. But, my agent said that this does not give any return to me. He advised me to buy a life insurance policy that gives me a return on maturity. What is your advice to me?
CT
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Dear CT
Many insurance agents like their customer to buy an endowment or whole life policy, as the agent can earn a high rate of commission on the premium.
But, this makes the insurance too expensive and is not good for the customer.
It is better to buy a low cost term insurance (even if there is no return on the premium) and to invest the savings in a fund. Here are my tips:
Tips
Here are the information on the suitable plans:
Low cost Term Insurance
Invest in a Fund
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