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Gabriel
15 Sep 2018
Undergraduate at National University of Singapore
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Jeff Yeo
15 Sep 2018
amateur Social contributor at School of social sharing
most investment linked policy does not provide good returns so in my view I would say no.
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it would be better to buy insurance for risk mitigation and focus on your own set of investment.
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Unless you are refering to endowment aka savings plans. Then yes that would be part of your investment bucket but personally I do not like savings plans due to low returns.
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Loh Tat Tian
15 Sep 2018
Founder at PolicyWoke (We Buy Insurance Policies)
An analogy suddenly hit me.
Think of different roles in an RPG. Your financial plan is like a team.
Insurance - Healer
Tank - Bonds / Fixed Deposit
Fighter - Fixed income with Equities
Assassin/Marksmen - Equities only and higher risk
They all play different role in your financial plan. Some are aggressive in getting returns (but also suffer huge damage if overpowered)
While some does nothing much, but supports the plan
So insurance provide the support that in the event any of the guys got killed, it resets by healing / resurrecting to a base portfolio. But it's damage ability (ROI) is super low.
An investment plan with insurers is like a Mixed class with elements of healer and maybe fighter or assassin. But trade off is it's (premium), required you to purchase and the stats may, or may not be better than a pure build.
It depends on how it is customised, and hence required more knowledge on your FA to make it a good customised hero
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Jason Sing
15 Sep 2018
School Of Hard Knocks And Life at School Of Hard Knocks And Life
No, it is more for protection rather than for investment. Insurance is more of an income replacement if one were to lose the ability to generate income.
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Jonathan Chia Guangrong
15 Sep 2018
SOC at Local FI
What do you hope to achieve from this investment? It's not a good idea to use retail products offere...
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For typical insurance such as term life and personal accident, I would say that it isn't a form of investment but rather, a protection for yourself and family should any unfortunate incident were to happen. However if you're referring to endowment plans, then I guess you can consider it as a form of investment