I recently signed up for AIA's Wealth Pro Advantage plan but there are people asking me to consider Pro Achiever instead. What should I be looking at when comparing the two plans?

Hi anon,

The key difference between the plans is that Pro Achiever is a pure investment plan whereas Wealth Pro Advantage is both a savings plan and an investment plan, bundled into a single policy.

You can't quite compare these two plans head on as they are different in nature. Instead, I would suggest that you look at the suitabilty of the plan for yourself. Do you want a plan with some guarantees, or a plan with no guarantees?

Either way, I would seperate investments from savings. My stand has always been that if you wanted something guaranteed, then you can get a suitable savings or retirement income plan for yourself. If you want to invest, you can always do so on your own.

By decoupling your savings from investments, you can look for a plan that suits you, and do your own investments without having to commit to any payment duration for the investment portion. There are also many ways to invest, and don't necessarily need to involve a policy.

Hey there!

Wealth Pro Advantage has two parts to it: a savings component and a investment-linked component. The savings component basically guarantees that portion of your premiums while giving non-guaranteed bonuses with it. The non-guaranteed bonuses are generated by investing the premiums portion into the participating fund.
The investment portion will be used for capital appreciation for upside returns and the premiums portions are invested into the ILP funds available.

It depends largely on your risk appetite. If you are looking at saving at least half of your premiums through the savings plan while investing the other half with a long term horizon, then this plan will work for you. There is also a small insurance component to it. The downside for this plan is that at the first few years, not all your premiums will be invested.

However, if you are looking at fully investing your premiums, then Pro Achiever will be your go-to. The plan of course is only as good as the funds invested and agent managing the fund allocation. Most of my clients prefer a full investment in their premiums to make their money work harder for them and opted for Pro Achiever. It ultimately boils down to what your objecties are.
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