Hi Mr. Tan,
Iam 30 yrs old female. I want to buy a term insurance with critical illness. An agent quoted me a 30 year term insurance with critical illness for $50,000 with yearly premium $287.50. Is it advisable to take it up?
REPLY
The premium seems to be rather expensive. My estimate is that the premium rate should be less than $200. You can read this FAQ to get the benchmark rate: http://www.tankinlian.com/faq/benchmark.html
I suggest that you call a few insurance companies and get a competitive quote:
http://www.tankinlian.com/faq/termd.html
Monday, June 2, 2008
Bonuses will be fair and consistent with experience
Dear Mr. Tan,
After reading your letter to "ToDay", I started to worry whether NTUC Income can really pay a higher and better special bonus. I felt so because you said that Mr Lim Boon Heng and Mr Matthias Yeo "reaffirmed that Income would observe its social purpose ..... and give a good deal to the policyholders. They said that the management will need some time to find the appropriate measures to achieve these goals."
Does it mean they have yet to work out a complete and properly thought through plan and just proceed to revise and cut the annual bonus? This is not the way a big and reputable organization works! Especially they are taking care of money saved for retirement or raining day?
What will happen if they can't fulfill what they claim at the end of the day? Just say sorry and forget their "social purpose" and the promises? Your comments please.
CH
REPLY
In making the change, Income has made sure that the special bonus will compensate for the cut in annual bonus. They have now given adequate assurance on the payment of the speical bonus.
More time is needed to address the other issue, which was raised by me. Income has agreed to ensure that the bonuses are "fair and consistent with the experience of the fund". If this can be achieved, it will be good news for the policyholders. It will probably allow the past bonus cuts to be restored and more to be paid, consistent with the good investment yield.
After reading your letter to "ToDay", I started to worry whether NTUC Income can really pay a higher and better special bonus. I felt so because you said that Mr Lim Boon Heng and Mr Matthias Yeo "reaffirmed that Income would observe its social purpose ..... and give a good deal to the policyholders. They said that the management will need some time to find the appropriate measures to achieve these goals."
Does it mean they have yet to work out a complete and properly thought through plan and just proceed to revise and cut the annual bonus? This is not the way a big and reputable organization works! Especially they are taking care of money saved for retirement or raining day?
What will happen if they can't fulfill what they claim at the end of the day? Just say sorry and forget their "social purpose" and the promises? Your comments please.
CH
REPLY
In making the change, Income has made sure that the special bonus will compensate for the cut in annual bonus. They have now given adequate assurance on the payment of the speical bonus.
More time is needed to address the other issue, which was raised by me. Income has agreed to ensure that the bonuses are "fair and consistent with the experience of the fund". If this can be achieved, it will be good news for the policyholders. It will probably allow the past bonus cuts to be restored and more to be paid, consistent with the good investment yield.
OCBC Preference Shares
Dear Mr. Tan,
OCBC is offering preference shares to retail and institutional investors. If I am not wrong, DBS too offered such investment earlier. I like to know whether would you consider buying into this and how much?
REPLY
Personally, I intend to invest in the OCBC Preference Shares. It gives a good dividend and has rather low risk.
OCBC is offering preference shares to retail and institutional investors. If I am not wrong, DBS too offered such investment earlier. I like to know whether would you consider buying into this and how much?
REPLY
Personally, I intend to invest in the OCBC Preference Shares. It gives a good dividend and has rather low risk.
Dr. Lee Kum Tatt's Blog
I visited the wake of Dr. Lee Kum Tatt who passed away on Sunday. His daughter showed me a printed copy of the postings in his blog.
Kum Tatt made the effort to print out the postings, arranged them in a nice order, and bound into a book. It is a piece of work that Kum Tatt must have been very proud of.
http://www.leekumtatt.blogspot.com/
Kum Tatt made the effort to print out the postings, arranged them in a nice order, and bound into a book. It is a piece of work that Kum Tatt must have been very proud of.
http://www.leekumtatt.blogspot.com/
Near term investment strategy
Dear Mr Tan,
I am a novice to investment. I have spare cash lying in the bank for years. Should I be investing now? I sense quite a bit of pessimism, talk of global crisis. Even Dr Tony Tan was talking a great recession. So should I be holding to wait for the great crash so that cash is king and I would be able to buy at a discount?
If you are saying it makes no sense to hold, could you please advice on some products I can look at? Short and long term. I would really appreciate some very practical advice here.
SK
REPLY
It is difficult to make this type of timing decision.
In my case, I decided to stay invested in shares, REITs and foreign currency deposits. You can read about my asset allocation in my blog, www.tankinlian.com.
Some people do not agree with my strategy. Each person has to make his own decision and judgement.
I am a novice to investment. I have spare cash lying in the bank for years. Should I be investing now? I sense quite a bit of pessimism, talk of global crisis. Even Dr Tony Tan was talking a great recession. So should I be holding to wait for the great crash so that cash is king and I would be able to buy at a discount?
If you are saying it makes no sense to hold, could you please advice on some products I can look at? Short and long term. I would really appreciate some very practical advice here.
SK
REPLY
It is difficult to make this type of timing decision.
In my case, I decided to stay invested in shares, REITs and foreign currency deposits. You can read about my asset allocation in my blog, www.tankinlian.com.
Some people do not agree with my strategy. Each person has to make his own decision and judgement.
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