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Archive for April, 2014

Is your banker/insurance agent recommending you the best product?

Thursday, April 3rd, 2014:

One of our client’s mum was approached in a bank branch to purchase an endowment plan. It sounds like a good deal that she gets to save at a higher interest and get a Samsung handphone for free. Or was it? The client called us, and we sourced from the other insurance company for comparison. It turns out that there are several plans with a higher projected return. The expected return ranges from 1.8% per annum to 3.2% per annum across insurance company. The difference of 1.8% and 3.2% interest per annum translates would to approximately $7000 difference in projected maturity […] Read More →

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