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Wednesday, July 9, 2008

Buy term and invest in a low cost fund

Hi Mr. Tan,
I am thinking of purchasing a whole life plan, but my insurance advisor has advised me to go with an endownment plan. Can you advise me?
L

REPLY
My advice is contained in these FAQs:
http://www.tankinlian.com/faq/choice.html
http://www.tankinlian.com/faq/savings.html

I prefer to avoid whole life or endowment plans, as they give a poor return to policyholders.

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