Is it worthwhile to get a USD policy? Whats the outlook of USD relative to SGD? I am offered the AIA guaranteed 8 policy (paying 8 years protect whole life). Is it good? - Seedly
Seedly logo
Seedly logo
 

Investments

Insurance

AIA

Anonymous

Asked on 17 Jun 2020

Is it worthwhile to get a USD policy? Whats the outlook of USD relative to SGD? I am offered the AIA guaranteed 8 policy (paying 8 years protect whole life). Is it good?

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Malvin Tan WP
Malvin Tan WP
Level 5. Genius
Answered on 22 Jun 2020

Nobody can predict the ultimate direction of USD but i thought you should want to know that USD is the world's currency accounting for 80% of the global trade (i.e commodities such as Oil are exchanged and valued in USD) therefore you wont see it dissapearing anytime soon like the banana notes.

For pragmatic sake, do you already hold USD that are not being utilized? Unless you are willing to go through the trouble of setting up foreign currency bank accounts to hold and make premium payment in USD and the corresponding TT, USD cheque book costs that comes with maintaining a USD policy/bank account.

0
ūüĎć
0
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post