Higher cost products

Dear Mr. Tan,

I read several comments in your blog from other people, that the new products launched by NTUC Income pays higher commission and gives a poorer return to the policyholder. Is this true?

REPLY

I believe that the new products incurs higher marketing expenses, including agent's commission.

Generally, most of the products in the market are high cost and give a poor return to the policyholder. Many products have "special features" that are really of not much use to the policyholder. It distracts the policyholder from the low return given by these products.

It is better to buy Term insurance and invest the difference. Read this FAQ:
http://www.tankinlian.com/faq/savings.html