Mr Tan,
Just to share and seek your view on my following Growth Policy from NTUC Income:
I bought the Growth Policy (10 yr) in 1997 for $3000. It had a guaratneed maturity value of $3,750 and a projected value of $5063.
This policy will mature on 1st Aug 2007. I was told that the finalised amount was $4742.
Should I feel happy that it is more than the guaranteed amount or unhappy that it is less than $300 less than the projected amount?
REPLY
Wow, you got a return of 4.6% per annum for the past 10 years. That is a great return (although it is slightly lower than the original projection).
Many people invested large sums of money in structured products during this period. They obtained a miserable return of 0.2% per year for 5 years. They would be delighted to get a return of 3% (not even 4.6%).
Yes, you can be happy. And send your thanks to the adviser who sold this product to you.
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