facebookMy parents have a sum that they want to invest with relatively 'low risk'. I came across TEPs a year ago and want to recommend to them. Just want to know how do they calculate the Sum Guaranteed? - Seedly

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Anonymous

11 Nov 2020

βˆ™

Insurance

My parents have a sum that they want to invest with relatively 'low risk'. I came across TEPs a year ago and want to recommend to them. Just want to know how do they calculate the Sum Guaranteed?

Are there any other inherent risks, assuming we can pay everything off and no late payments.

Discussion (2)

What are your thoughts?

PolicyWoke

PolicyWoke

11 Nov 2020

Future Favours the Save! at PolicyWoke

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.

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