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 ...
With the rising cost of living and the growing necessity of having qualifications to climb up the ranks in most companies, many parents and individuals realise the importance of having a degree. However, many simply can’t afford the exorbitant university tuition fees unless they take up loans. If you’re interested in finding out how to pay for your child’s university education without him/her taking a loan, continue reading to determine how you can conduct education planning in Singapore. What is Education Planning? Education planning is to proactively identify, develop, and implement approaches to efficiently attain the educational needs and goals for your child. This includes ensuring that you have enough funds for yourself while making plans for your child’s education. Parenting involves several obligations, from caring for the child’s physical needs, imparting values to mapping their future. All of these duties may stack up as you juggle with your daily life. Besides,...
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