By Larry Haverkamp (Doc Money)
CONSIDER this:
Pay me $200 per month for 20 years, and I will invest it for you. In the first year, all your money will go to me. After that, I'll invest it, but I won't tell you where it is invested, how much I take for expenses or even the rate of return you earn.
Life insurance companies offer this for two popular policies -
(i) endowment, including education and
(ii) whole life.
Sales have been phenomenal. On average, each Singapore household owns $55,000 of these. This makes it the second largest investment after our home, yet these policies are often surrounded by mystery.The key to solving it lies in the benefit illustration which is filled with facts and figures. Let's investigate.
Read the article:
http://newpaper.asia1.com.sg/columnists/story/0,4136,141522,00.html?
http://www.tankinlian.com/drmoney/
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