Insurance

Analyzing Great Eastern Family 3

I have extracted the above diagram off Great Eastern’s Family 3 page. When I was being introduced to this plan, it felt too good to be true. It is a whole life for my children, and a retirement plan for both myself and my children. Let me put the numbers into perspective to see if …

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Insurance

Why I dislike Investment Linked Policy (ILP)?

10 years of Investment Linked Policy (ILP) and now i am stuck. Let me share with you what is the problems ILP and what are my thoughts of it. Insurance Coverage + Investment ILP plan has both insurance coverage AND investment. Sounds good right? You pay only 1 premium and you get both, killing 2 …

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