Anonymous
My insurance agent recommended this policy sometime back, saying that I am able to use CPF funds to invest in it. She mentioned that it is giving better returns than the interest from CPFOA.
Anyone can advise if I should purchase this policy?
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Elijah Lee
28 Jan 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
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Never mix insurance with investment, period.
Much less using your CPF.
gg
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Pang Zhe Liang
23 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
AIA Asset Builder is an investment-linked policy. As a result, the returns are non-guaranteed. There...
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Hi anon,
The policy itself does not give the returns, it is the underlying funds that do. So a lot also hinges on which fund you invest in.
Also, before investing, understand your investment timeframe and objectives. It might be better to just leave your OA monies in OA if you have a house coming in a few years time, for example.
Having said that, you will be better off investing CPF OA monies on your own such as through POEMS if you really wanted to. There are lower cost solutions out there than going through an insurer.