Is the whole life insurance returns (e.g. 3-4%) per annum or per the amount paid or per the amount covered? - Seedly

Personal Finance 101 (LLI)

Asked by Anonymous

Updated on 18 Apr 2019

Is the whole life insurance returns (e.g. 3-4%) per annum or per the amount paid or per the amount covered?

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Yong Kah Hwee
Yong Kah Hwee,
Level 6. Master
Answered on 06 Dec 2018

The returns is for the amount paid!

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Loh Tat Tian
Loh Tat Tian,
Level 6. Master
Updated on 06 Dec 2018

Just to reclarify again, the returns of 3-4% p.a are based on the premiums paid to the whole life insurance.

If Its for the amount covered, its already more than 400% at least if anything happen to you in the first 5 years (lol)

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