Monday, February 14, 2011

Term to 99 years

This term insurance policy looks attractive, but has high risk. You pay twice the premium (of a 25 year term) and stand the risk of losing the excess premium due to many factors beyond your control.


Ask Mr. Tan

http://tankinlian.com/admin/file.aspx?id=400

This is an example of many evaluation of investment and life insurance products that will be available only to FISCA members when the new website is launched on 1 March 2011. We invite the public to join FISCA an benefit from these evaluation. It is easy to search for a specific product.

Sunday, February 13, 2011

Latest postings

The latest postings in SGEP and TKL website can be found from the "Latest" tab in these websites. I usually refer people to this page, so that they can view the other articles that have been posted. If you visit after the same day, you may not be able to find your article in the top page. In that case, try to seach for the article by entering the keyword in the Search button. You will usually get it quickly.


Some readers have asked me to post the direct link to the article. I will do so selectively. My aim is to get the readers to read the latest articles daily, rather than rely on the direct link. It is best for you to keep a bookmark and visit the latest page daily. 


Tan Kin Lian

We help the dictators to steal

There is an article in SGEP about how Britain helps dictators to rip off and steal from their people. Singapore should also be careful that we are not seen to be playing a similar role.

Democracy vs the Elites

Read this article about American democracy and the elites
http://www.nytimes.com/2011/02/12/opinion/12herbert.html?_r=1
Sounds like Singapore.

Saturday, February 12, 2011

Sites that answer your money questions

Here are some websites that have FAQ on money issues or an expert who will answer your question. In the future, this type of information will be available to FISCA members only - after the login to the FISCA website.


Ask Mr. Tan
http://tankinlian.com/admin/file.aspx?id=399

Poor yield on Vivo-life

This case study shows the low yield on the Vivolife policy. The reduction in the yield is too high.  The insurance agent sells this policy on the point that the policyholder needs to pay premium for a limited period, but does not explain that the deductions are too high, giving a poor yield.


Ask Mr. Tan
http://tankinlian.com/admin/file.aspx?id=398

This is an example of the evaluation of financial products that will be available exclusively for FISCA members after the new website is launched in March 2011. There will be many examples of life insurance policies, structured products and bonds. We will build up a databank of more than 100 evaluations within a year, I encourage consumers to wait until March to join FISCA, as we are now busy in revamping the website .

Tan Kin Lian




FISCA Talk on Financial Planning

FISCA is organizing a talk on financial planning on 28 February 2011.  Register at www.fisca.sg/events
Attendees can buy the following books at up to 50% discount. Orders have to be submitted in advance to kinlian@gmail.com.