Anonymous
OCBC / GE MaxAdvance payout: Is it worth it to get to hit the OCBC 360 bonus?
It states at least 104% of capital guaranteed so I don't see why it's too bad or am I wrong?
https://www.ocbc.com/personal-banking/insurance...
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Pang Zhe Liang
02 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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The worth of the plan lies in its ability to fulfil your financial objectives and needs.
One of the key points to note is the following:
You will only earn a mere 0.6% or 1.2% extra interest for the first year while having to commit for 15 years for the endowment plan. As a result, one question to ask yourself is: does the 15 year commitment fulfil any of your financial goals for the future?
Additionally, who is going to help you with the policy servicing in the future?
If not, I am pretty certain that there many other tools in the market that is able to help you grow your money at a more attractive rate.
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