Flexi-link and Ideal plans

Hi Mr. Tan,

From the website, I realised NTUC income have Flexi-link policy & Ideal policy. May I know what are the main difference between the two? If I did not understand wrongly, Flexi-Link(Invest in 1 lump sum min. $5000) Ideal (Invest regularly - min. $100/mth)

There are different plans policy under Flexi-Link (IB1/2/3/4) and Ideal (ID1/2/5/6/7). However the differences are not explained clearly in the website. I only managed to found out a table which shows the policy fee and adviser charges of each policy.

Are you familiar with the above policies? Can you explained more to me about the differences of these policies to clear my doubt. Thks.

REPLY
If you have $5,000 to start the initial investment, it is better to invest in the Flexi-Link. You can have regular monthly top-ups. The front-end charge for Flexi-Link is 3.5% for each investment. The annual charge is deducted from the fund and varies from 1% to 1.5% depending on the fund invested.

The Ideal plan is a regular saving plan for people who are not able to make the initial investment of $5,000. The Ideal plan are subject to the same charges as the Flexi-link plan and, in addition, there is a further charge of 15% on the annual premium for 3 years (total of 45%) for ID2 and a different charge for ID7 (only available through the business center).

I suggest that you go to the business center in Bras Basah Road and ask the consultant to explain it the difference to you in detail.

The best choice is Flexi-link (if you have $5,000 to invest) or ID7 (but only available through the business center).

Joke: statements of motor accidents

> Coming home I drove into the wrong house and collided with a tree I don't have.

> The other car collided with mine without giving warning of its intentions.

> I thought my window was down, but I found it was up when I put my head through it.

Depression of the 1930s

Will the world enter into an economic depression? Dr. Money explained what happened during the early 1930s.

http://newpaper.asia1.com.sg/columnists/story/0,4136,171882,00.html

http://www.tankinlian.com/drmoney/

How to avoid scams

Hello, Mr. Tan,

I was approached by an financial consultant offering an investment product called forex phaetorian. This product originated from an investment company in Singapore. It is a 2 years term, capital guaranteed and 12% interest guaranteed payable every six month. The consultant told me that 12% investment return in singapore is very common.


Mr Tan, what do you think? I mean, if it is so good, then the whole of Singapore should know about it and sold out fast. Why do they have to come to Malaysia and sell to us? I was told it is a private placement and not a public offering product.


REPLY

There must be a catch. If something is too good to be true, then it is likely to be a scam. Do not trust any product that appears "too good to be true".

Joke: reduce the probability

An actuary is walking down the corridor when he feels a twinge in his chest. Immediately, he runs to the stairwell and hurls himself down.

His friend, visiting him in the hospital, asks why he did that. The actuary replies, "The chances of having a heart attack and falling down the stairs are much lower than the chances of having a heart attack only."

How to stretch your dollar

Dr. Money writes about how to stretch your dollar with the right type of insurance plan:

http://newpaper.asia1.com.sg/columnists/story/0,4136,172456,00.html

http://www.tankinlian.com/drmoney/

Perfect husband

Several men are in the locker room of a golf club. A cell phone on a bench rings and a man engages the hands free speaker function and begins to talk. Everyone else in the room stops to listen.

MAN: 'Hello'

WOMAN: 'Honey, it's me. Are you at the club?'

MAN: 'Yes'

WOMAN: 'I am at the mall now and found this beautiful leather coat. It's only $1,000. Is it OK if I buy it?'

MAN: 'Sure, go ahead if you like it that much.'

WOMAN: 'I also stopped by the Mercedes dealership and saw the new 2008 models. I saw one I really liked.'

MAN: 'How much?'

WOMAN: '$390,000'

MAN: 'OK, but for that price I want it with all the options.'

WOMAN: 'Great! Oh, and one more thing...the house I wanted last year is back on the market. They're asking $2,950,000' for it.

MAN: 'Well, then go ahead and give them an offer of $2,800,000. They will probably take it. If not, we can go the extra $150,000 if it's really a pretty good price.'

WOMAN: 'OK. I'll see you later! I love you so much!'

MAN: 'Bye! I love you, too.'

The man hangs up. The other men in the locker room are staring at him in astonishment, mouths agape.

He turns and asks: 'Anyone know who this phone belongs to?'