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Anonymous
Are there any other inherent risks, assuming we can pay everything off and no late payments.
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PolicyWoke
11 Nov 2020
Turbo-charge Your Savings with REPs at PolicyWoke
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You can view the risks in this article https://www.moneysense.gov.sg/articles/2018/10/...
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Hi Anonymous,
The guaranteed sum as shown in the policy illustration, is the amount generated by the insurer and is not calculated by TEPs brokers.
TEPs is generally a low-risk instrument, however it is best that your parents seek advice from a financial advisor to determine if TEPs is suitable for them.
Disclaimer: PolicyWoke trades endowment policies as a broker.