Anonymous

07 Jun 2019

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Is anyone on Manulife ReadyPayout Plus (10 Pay 15) plan? Did you opt to receive the money returns or let it accumulate?

I'm 26 years old female, non-smoker. New to savings plans. I embarked on this plan in March this year as disciplined saving. My premium is about $300/mth. From time to time, I feel uneasy because I will only be able to 'see the $' after 15 years (lowkey wishing the period was shorter) and after reading reviews online on other plans, I wonder if I am making the right choice (fears of getting back less than what is expected.)

Is anyone else on this plan? Care to share your experience so far? Did you opt to receive the $ returns, or let it accumulate?

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Yixiong Chang

07 Jun 2019

You should let it accumulate if u dont have an investment that gives higher than 3% (which is the current non-guaranteed interest rate).

I am unable to comments on the returns of your plan. If u would like to know the IRR (internal rate of return) of your policy, I can do the calculation for u. Just ping me on my facebook.

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Has anyone here bought the Manulife Ready Life Income (Pay 10) plan?

For endowment plan - Is it more worth to pay $375/month for 10 premium years or $750/ month for 5 premium years then lock the money up for 30 years. Which money grow better in insurance endowment plan?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

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