Advertisement

Anonymous

24 Dec 2020

∙

For Manulife Ready Payout Plus (10 pay 15) plan - Is anyone on this plan? Did you opt to receive the money returns or let it accumulate?

I'm new to savings plans for discipline myself on saving. My premium is about $600/mth. After a point of time, I felt uncertain whether did I making the right choice because I will only be able to 'see the $' after 15 years , and also some of the money is not guaranteed to get it back ¿ (fears of getting back less than what is expected.)
Is anyone else on this plan? Do u mind to share your experience so far? Did you opt to receive the $ returns as yearly or let it accumulate?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Yin bee

25d ago

Got conned into buying this policy, now I lost all my monies

Reply

Save

Ow Jie Liang

24 Dec 2020

Student Ambassador 2020/21 at Seedly

A friend bought this plan some time back and we had a good discussion about it. it really depends what are your objectives and how does this plan help you.

for my friend, I believe it is much better that the money will do better elsewhere (diy investing, cpf etc)

Reply

Save

PolicyWoke

23 Dec 2020

Turbo-charge Your Savings with REPs at PolicyWoke

Hi Anonymous,

Before you buy your Manulife ReadyPayout Plus policy, did you read and understand the...

Write your thoughts

Related Posts

Is anyone on Manulife ReadyPayout Plus (10 Pay 15) plan? Did you opt to receive the money returns or let it accumulate?

Has anyone here bought the Manulife Ready Life Income (Pay 10) plan?

Anyone has managed to convince your parents to let you manage their money to invest? How did you do so- and how exactly do you payout the returns to your parents?

I have a maxadvance payout endowment plan with GE where I pay 5k each year for 10 years and hold for 15 years. I have paid for 3 years, should I hold it or surrender?

For endowment plan - Is it more worth to pay $375/month for 10 premium years or $750/ month for 5 premium years then lock the money up for 30 years. Which money grow better in insurance endowment plan?

Related Posts

Is anyone on Manulife ReadyPayout Plus (10 Pay 15) plan? Did you opt to receive the money returns or let it accumulate?

Has anyone here bought the Manulife Ready Life Income (Pay 10) plan?

Anyone has managed to convince your parents to let you manage their money to invest? How did you do so- and how exactly do you payout the returns to your parents?

I have a maxadvance payout endowment plan with GE where I pay 5k each year for 10 years and hold for 15 years. I have paid for 3 years, should I hold it or surrender?

For endowment plan - Is it more worth to pay $375/month for 10 premium years or $750/ month for 5 premium years then lock the money up for 30 years. Which money grow better in insurance endowment plan?

Advertisement