Case study: Poor yield on investment linked policy

This is the case of a young person who bought an investment linked policy from a life insurance company that has been very active in promoting this policy. The policy provides a poor yield. www.tankinlian.com/latest.aspx.

My observation
Here is my advice to young people, especially those who have just started work. You will be approached by your friends, or your friend's friend, to buy an investment-linked policy, or a whole life policy with premiums payable for 10 or 15 years. You will be told that this is a good policy for financial planning.
Be careful. These policies will take away a large part of your future savings and leave little for you. You will be giving away your future financial security for the benefit of other people.

Read my book on Financial Planning (available at www.tankinlian.com/ishop) or attend the educational talk conducted by FISCA (see www.fisca.sg).