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Anonymous
Questions regarding retirement endowment annuity plan
Good afternoon all, I'm currently 59 and have an investment plan using OA of arnd 100k. My agent today told me to not continue risk my investment and advise me to withdraw it and put it into an annuity plan: PRUGolden Retirement Premier.
Was told to make decision quickly as procedures takes time and aiming to complete before the 1st July so the interest rate won't be "affected".
Net ROR is 3.8%
Wish to gather opinions on this, are there alternatives ways/plays to compare to the above?
Thank you for your reading time.
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Prudential PRUGolden Retirement Premier Endowment Plan
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Up to age 90
POLICY TERM
Single
PREMIUM TERM TYPES
Death, Critical Illness, TPD
COVERAGE
$200 per month
MIN. GUARANTEED REGULAR PAYOUTS
$1,000
LUMP SUM MATURITY BENEFIT
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If you're referring to the revised policy illustration for par funds, then you should get away from this agent as soon as possible, and maybe report him/her to MAS, because your underlying investments are not at all affected by the revised changes. Your agent is either ignorant or lying to you.
More information here:
https://dollarsandsense.sg/5-things-know-life-i...