tag:blogger.com,1999:blog-12908820.post116320510057035868..comments2024-03-14T22:55:24.426+08:00Comments on Mr Wang Bakes Good Karma: Your Money or Your LifeGilbert Koh aka Mr Wanghttp://www.blogger.com/profile/01027678080233274309noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-12908820.post-2008405414248859062015-09-28T06:22:48.199+08:002015-09-28T06:22:48.199+08:00Nice info. Thank you.
all face the problem. finis...Nice info. Thank you. <br />all face the problem. finish with a calm heart and brain are cold and are trying so hard ... <a href="http://thefamilyrod.blogspot.com/2015/08/toyota-will-use-technology-leading-mazda.html" rel="nofollow">Toyota</a> | <a href="http://slak-blog.blogspot.com/2015/08/price-specifications-honda-cbr1000rr-sp.html" rel="nofollow">Price And Specifications Honda CBR1000RR SP</unsguhttps://www.blogger.com/profile/10840081111473831375noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-20433339499545835082007-11-05T06:18:00.000+08:002007-11-05T06:18:00.000+08:00It does not sound that different than things in th...It does not sound that different than things in the U.S. Most families here are under insured also. It is a sad fact that most people find that life insurance is a waste of money. The same as s'poreans. For more information on <A HREF="http://www.insurancelifecompany.com/finding-a-competitive-life-insurance-rate-can-take-a-little-time-get-the-assurance-of-a-top-rated-company.html" REL="nofollowbeartoeshttps://www.blogger.com/profile/09164627979887241512noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163477852401352402006-11-14T12:17:00.000+08:002006-11-14T12:17:00.000+08:00amendment to my last post.No critical illness. Up ...amendment to my last post.<BR/><BR/>No critical illness. Up to 100k accidental disability benefit.<BR/><BR/>As for the insurer. It's not aviva, thought previously it might be known as.<BR/><BR/>But I shall not reveal names, Unless they give me commission. Haha. <BR/><BR/>However, if anyone likes to know, you can always email me via my blog.moomoomanhttps://www.blogger.com/profile/02911270867099927784noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163467259531456002006-11-14T09:20:00.000+08:002006-11-14T09:20:00.000+08:00I think that was probably Aviva, right (though rec...I think that was probably Aviva, right (though recently they changed their name).Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163434346939015442006-11-14T00:12:00.000+08:002006-11-14T00:12:00.000+08:00interestingly.....I got a cold-call from one insur...interestingly.....<BR/><BR/>I got a cold-call from one insurance firm last week. They are offering Term insurance of coverage of 100k for about $300 a year covering critical illness plus medical claims from minor accidents up to 1k per accident. If you buy straight for 5 years, at the end of the 5th year, they refund 50% of the premiums you paid for the 5 years back to you.<BR/><BR/>Of course, moomoomanhttps://www.blogger.com/profile/02911270867099927784noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163348577289927842006-11-13T00:22:00.000+08:002006-11-13T00:22:00.000+08:00I have seen in SAFRA mag this month of NTUC's term...I have seen in SAFRA mag this month of NTUC's term policies for life and critical illness. Those interested might want to check them out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163340297610526022006-11-12T22:04:00.000+08:002006-11-12T22:04:00.000+08:00Agreed. Comms are an issue with ILPs. My cashflow ...Agreed. Comms are an issue with ILPs. My cashflow study above was after deducting comms, though. Maybe the ILP's comms were balanced out against the Term plan's higher premiums near the end, and probably the Level Term's comms are pretty high too, in line with higher premiums (esp. with critical illness).<BR/><BR/>My feel is that the "buy term invest the rest" mantra is not a straightforward hugewhalesharkhttps://www.blogger.com/profile/05464651179214970834noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163338817005029422006-11-12T21:40:00.000+08:002006-11-12T21:40:00.000+08:00This comment has been removed by a blog administrator.hugewhalesharkhttps://www.blogger.com/profile/05464651179214970834noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163329882813033882006-11-12T19:11:00.000+08:002006-11-12T19:11:00.000+08:00HWS:I don't think it covers critical illness. For ...HWS:<BR/><BR/>I don't think it covers critical illness. For that kind of pricing, it probably covers death, TPD and possibly stuff like loss of hand, loss of toes due to accident.<BR/><BR/>Yes, agree that critical illness coverage is another ball game. <BR/><BR/>One thing about term is that the cost of dropping out halfway is much lower (actually, it's nothing) as compared to dropping out of an Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163294581827942922006-11-12T09:23:00.000+08:002006-11-12T09:23:00.000+08:00Oh, either that or I am not sure the $391 per $100...Oh, either that or I am not sure the $391 per $100k also covers critical illness, which is the expensive part.<BR/><BR/>Critical illness planning is another ball game.hugewhalesharkhttps://www.blogger.com/profile/05464651179214970834noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163292298254131652006-11-12T08:44:00.000+08:002006-11-12T08:44:00.000+08:00Just want make a few points, as usual, Mr Wang.1. ...Just want make a few points, as usual, Mr Wang.<BR/><BR/>1. Agree that protection comes first. If you have limited resources, go for a the higher protection offered by a term policy.<BR/><BR/>2. I am not sure that $391 per year for $100k of coverage is for a LEVEL Term policy, i.e. where premiums stay fixed for the duration of coverage. If it is not a Level Term, premiums will rise drastically ashugewhalesharkhttps://www.blogger.com/profile/05464651179214970834noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163264893837116692006-11-12T01:08:00.000+08:002006-11-12T01:08:00.000+08:00Mr Wang, what it your advice for those who have al...Mr Wang, what it your advice for those who have already bought the whole life policy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163264431437522562006-11-12T01:00:00.000+08:002006-11-12T01:00:00.000+08:00Some comments: * Why are endowment funds constrict...Some comments: <BR/><BR/>* Why are endowment funds constricted to take conservative stands? I would have thought that since their liabilities have long maturities, they can afford to take some risks. But it doesn't seem to have been the case. Certainly with the downgrade of bonuses, the insurance companies are (wrongfully IMO) shifting the risks of investment to their clients, without Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163258542422966932006-11-11T23:22:00.000+08:002006-11-11T23:22:00.000+08:00Indeed. How many of us were fearful and bought ins...Indeed. How many of us were fearful and bought insurance during BMT in NS? Am now waiting for my annual statements to see which insurance I can terminate without a bad heartache.<BR/><BR/>Keep insurance as insurance, and not try to use it as a form of investment, hoping for the 3 5 or 7 percent projected.<BR/><BR/>Hopefully the moneysense initiative will help to raise awareness on financial Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163216344137055682006-11-11T11:39:00.000+08:002006-11-11T11:39:00.000+08:00This is quite good for Singaporeans' financial pla...This is quite good for Singaporeans' financial planning - <A HREF="http://treeofprosperity.blogspot.com/2005/10/growing-your-tree-of-prosperity.html" REL="nofollow">Growing Your Tree of Prosperity</A> - and I'm not saying that just because the author gave me a free copy. :)<BR/><BR/>Thr author Chris Ng happens to be a blogger and his <A HREF="http://commentarysingapore.blogspot.com/2006/10/Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163214302489634772006-11-11T11:05:00.000+08:002006-11-11T11:05:00.000+08:00Great article on financial planning. I admit I'm i...Great article on financial planning. I admit I'm ignorant of such matters and would like to find out more as I have recently started working. Can anyone can recommend a good book on basic financial planning that is applicable to Singapore? I've read books like Rich Dad Poor Dad and they don't seem very credible to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163213040856399172006-11-11T10:44:00.000+08:002006-11-11T10:44:00.000+08:00good post Mr Wang!When SARS came, I was warded for...good post Mr Wang!<BR/><BR/>When SARS came, I was warded for suspected SARS. Upon discharge I was looking for protection for my family as being a doctor became a severe risk and I wasn't sure when the insurance companies would increase premiums for doctors or simply not cover doctors anymore (we didn't know when SARS would end or if it would end at all)<BR/><BR/>I settled on one of the cheapest Dr Oz blokehttps://www.blogger.com/profile/00876294124443628182noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163211129148370472006-11-11T10:12:00.000+08:002006-11-11T10:12:00.000+08:00Well said Mr.Wang. I've seen so many Singaporeans ...Well said Mr.Wang. I've seen so many Singaporeans fall for the trap of "insurance" and fail to see the real value of "term insurance". So much that i have seen the colour of the face of the insurance agent change when i mention to them that i want nothing but a term insurance. <BR/><BR/>They are disheartened cos they realise that they cant make any money out of me. That in truth shows how much ofPhiliphttps://www.blogger.com/profile/12690312683738500424noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1163209732513899692006-11-11T09:48:00.000+08:002006-11-11T09:48:00.000+08:00Dear Mr Wang,I am grateful for your illustration o...Dear Mr Wang,<BR/><BR/>I am grateful for your illustration of the illusions of the insurance world.<BR/><BR/>True. Agents are out to sell things. They do representations in insurance plans which do not guarantee returns. Even if it is a guaranteed return, the return may not be the same when you first bought the insurance and what you may get 10 to 15 years down the line. <BR/><BR/>My experience Anonymousnoreply@blogger.com