We at Singapore Financial Planners would like to wish our clients and everyone a Happy New Year! May 2020 be a blessed year for you and your loved ones. 😄
Manulife InvestReady Wealth II Review The Manulife InvestReady Wealth II is an investment-focused investment-linked plan (ILP) . This ILP has one of the lowest fees on the market and is one of Singapore’s most popular. Criteria You need to be between 18 to 65 years old to purchase this policy The minimum age of the policyholder is 0 years old (You can buy this policy for your child) The minimum investment period of 3 years The minimum investment amount of S$200 or US$300 General Features The features of Manulife InvestReady Wealth II are as follows: Premium Payment Terms The base premium features are as follows: Min. Investment Period Annual Semi-Annual Quarterly Monthly 3 Years S$12,000 S$6,000 S$3,000 S$1,000 3 Years Flexi S$20,000 or US$20,000 5 Years S$12,000 S$6,000 S$3,000 S$1,000 10 Years S$3,600 or US$3,600 S$1,800 S$900 S$300 10 Years Flexi S$6,000 or US$6,000 S$3,000 S$1,500 S$500 20...
A flexible endowment plan which allows you or your loved ones the option of making partial cash withdrawal at any time, the Great Eastern GREAT Wealth Multiplier aids you in attaining your financial needs/goals for the future. Not only that, but this plan also provides you with a piece of mind by guaranteeing your capital after a certain period. Criteria Minimum premium payment term of 5 years No medical underwriting needed Features Policy Terms You can choose between a policy term of 5, 10, or 15 years with the Great Eastern GREAT Wealth Multiplier II. By choosing the 5 or 10-year premium payment duration, the capital that you invested in will be guaranteed after your 15th policy year. Whereas for the 15-year premium payment, your capital is only guaranteed after your 20th policy year. Premium Allocation 100% of your premiums paid will be allocated to purchase the participating fund units. As of 31st December 2020, the allocation of your premiums is as shown in ...
What is financial planning? Financial planning is the preparation for an unforeseen future by comprehensively evaluating your current financial situation. Usually, individuals set goals and determine the path taken to monitor their finances. A factor of financial planning is to establish milestones according to which you would make major financial decisions. Another essential factor to be considered is that not all plans are final, and they can be adjusted accordingly as per the situation. Financial plans above all should be flexible and are not meant to be followed without a second thought. They merely help you in mapping a path to a safe and secure future. Think of it as a blueprint where all your milestones are highlighted. Why is financial planning important? Financial planning is vital to figure out your financial condition at a certain point in time. When unforeseen circumstances occur, financial planning helps in chalking out finances, which helps you better handle ...
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