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Sunday, May 15, 2011

A bad investment linked policy (Vista)

The policyholder was not told about the high management fees and the heavy penalty on early termination of the plan. This fact become apparently only after 18 months. A few policyholders have been caught in this type of trap. The adviser did not disclose the actual structure, which was quite complicated. Read the facts here and avoiding falling in this type of trap with complicated investment linked policies. Ask Mr. Tan

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