For a 26 years old, moderate risk taker, would the Great Eastern Prestige life rewards (PLR) 3 (from the 5th year onwards, I would have a guaranteed sum of $6k per year) be a good investment?

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Pretty obvious to me that this "friend" of yours is scamming u...

If you have excess cash, this 60k perpetuity plan can provide some excess cash for you after 5years for life. But from what i know and heard, most plans like this eg mylifeincome only give around 3 to 4% returns pa so the projected 6k might be too unrealistic.

If you have to save this 60k to purchase this plan then i suggest go for other forms of investments which can provide a higher roi over time. Usually the ranking goes, bank,fds,ssb,endowments,annuities,bonds and stocks.

Hi Anon,

PLR is considered a life annuity plan, and considering your age of 26, when most of your life's major milestones have not been hit yet, should not be considered a priority at this point in time. Unless, you have an abundance of resource, that allows you to park $60K, for the opportunity cost of near term growth in other instruments due to your risk profile.

You will need to check with her, because PLR's crediting rate is 3% at the end of the 5th year, which is closer to 1.8k not 6k.

You can diversify your wealth accumulations between investments and endowments, but I would never advise you to lock in $60k at your age.

Hope i was able to shed some insight!​​​