06 October 2009

Part_1: Investing with Insurance? Think again...

Many people mistakenly linking investment and insurance. Investing through an insurance policy is very popular nowadays. However, this could turned out to be a costly wrong move because:

  1. there must be insurance charges (many agents always say FREE coverage), that's why the return will be based on % of sum assured.

  2. there must be years of locking period (many agents say this is for long-term), where you can't get back your "invested amount" if withdrawn prematurely.

  3. there is NO double-digit annual return ever. If yes, ask whether is it Guarantee? Written? If still yes, let me know and I will sign-up immediately.

So, be careful when you are dealing with these "financial providers". Insurance is a long-term thing. If you found out late, you will be penalised with $$$ or forced to continue for years.

*Hint: Insurance is for protection or long-term financial planning only. Not for investment.

1 comment:

  1. Assalamualaikum Wr Wb


    Kami sentiasa gembira untuk membantu orang ramai dengan masalah kewangan dan mereka yang ingin memulakan perniagaan Kami bersedia dan bersedia membantu anda dengan pinjaman untuk menyelesaikan masalah kewangan anda dan menjadi stabil dalam kehidupan kewangan. Jika anda sudah bersedia untuk mendapatkan pinjaman dari kami hubungi kami.

    Firma - Arab Credit Group
    Email-Arabcreditgroup@gmail.com

    ReplyDelete

Finance Malaysia Blog appreciates your comment. Cheers!

Related Posts Plugin for WordPress, Blogger...