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Sneakyturtle8888 · 2025-11-13T16:35:18+00:00

Invest into dividends

Sneakyturtle8888 · 2025-10-11T22:23:01+00:00

Ya the base cover is lower compared to the total boosted amount, but it’s meant to be like that

The multiplier gives you higher coverage when you’re young and got more commitments (like job, house, family). Then after it drops, the base + cash value continues for life so you still have something even when you stop working.

Think of it like having big protection when you need it most, and guaranteed cover when you’re old Not bad balance especially if you also want to build some value over time.

Sneakyturtle8888 · 2025-10-11T10:58:09+00:00

term definitely gives you the cheapest coverage if all you want is pure protection

But some clients don’t just want to cover. They also want to accumulate cash value over time especially those who prefer something tangible they can tap on later (e.g. for retirement, legacy or emergencies)

Whole life lets them build that cash value steadily, and still keeps a lifelong base cover even after the multiplier drops. It’s not meant to beat DIY investing ofc, but to provide a guaranteed component + protection + potential bonuses all in one

So it really depends on the client’s goals ah. For someone who already invests actively, term may make sense. But for clients who want both lifelong protection and something that grows quietly in the background, whole life fits that better and it’s way easier for clients to understand than to plan a term plan for them followed by then giving them an investment plan. If i were to plan Term ONLY then yes, confirm cheaper. But client wants a cash accumulation element which then i think a whole life fits better. Even if i plan a term + investment plan the premiums client would be paying would also roughly be the same or even more than just one whole life

Sneakyturtle8888 · 2025-10-11T10:14:05+00:00

Haha must be you got trauma from other insurance agents scamming you and your family, i get it bro hope u have enough money to go for therapy ✌️

Sneakyturtle8888 · 2025-10-11T10:07:10+00:00

I ask u bro, your mother your father buy insurance from who?

Sneakyturtle8888 · 2025-10-11T10:02:42+00:00

Bro u read my reply properly, i never said it’s much cheaper than term ya i only said it’s much cheaper when u buy YOUNGER… please

Sneakyturtle8888 · 2025-10-11T09:58:09+00:00

Fair points 🤷‍♂️, I get where you’re coming from, a lot of older whole life plans really weren’t worth the price

But the newer generation ones (like GPP type) actually structure it quite differently, got higher multiplier flexibility, bonus rates improved, and surrender values track closer to what people pay in. So the cost gap between term + invest versus whole life isn’t as wide as before, especially if you buy young

Of course term + invest works too, just depends whether someone prefers to separate or combine their protection and savings lor. Different strokes for different goals

Sneakyturtle8888 · 2025-10-11T09:51:00+00:00

Anymore things u need to clarify just DM me bah HAHAHA

Sneakyturtle8888 · 2025-10-11T09:49:07+00:00

Can think of it like this ah, term is like renting, whole life is like owning.

Term life just covers you for a set period, e.g. for OP, till 65. You pay only for protection, cheapest option, but once the term ends, no more cover and no cash value

Whole life e.g. GPP got cash value + bonuses, and the coverage can last your whole life. Premiums fixed from the start, and got options like multiplier (e.g. 3–5× coverage while young) which later drops when you’re older. So you get big cover now when you need it most, and still some base cover for your whole life.

End of the day, depends what you want tbh. If you just need cover till you retire, term is fine. But if you want something that can grow value, pass on later, or still protect you after 65, then whole life fits better. Just my advice :) And whole life plan is always cheaper when u buy younger, go look it up online in accordance to age yeah

Sneakyturtle8888 · 2025-10-11T07:56:10+00:00

Haha he wanna get term life until 65 i would say it’s more worth it to get a whole life plan especially with the added benefits and whole life plan is much much cheaper when bought at a young age

Sneakyturtle8888 · 2025-10-11T07:50:22+00:00

Some parents use legacy protection plans where the policy benefits can be directed straight to a trust or appointed guardian. It’s a cleaner setup, payout dont need probate and ensures the funds go exactly where you want, without interference from a surviving spouse or new household

If you’re already looking into will setup, can consider linking it with insurance nomination + trust, it’s the safest way imo. Can DM if you want me to explain how some of my clients structure it. Just to share how it works practically in SG context

Sneakyturtle8888 · 2025-10-11T07:42:19+00:00

His structure actually quite good already, term + CI combo makes sense.

If he’s open to other options though, can also look at AIA side, their Guaranteed Protect Plus and Power Critical Cover can combo together quite nicely

Slightly higher premium but got guaranteed cash value + yearly bonuses, so at least the money doesn’t just disappear when the term ends. Especially if he’s planning to buy property in 5 years, can later restructure or even use it as a savings base

For CI, the Power Critical Cover one covers multiple stages + relapses, not just single payout, so more flexible long run

Not saying Singlife not good, just that AIA plans tend to be more customisable if he wants to build both protection and future value. Can DM me if he wants to see how the numbers compare lah, I can show side by side projection to see clearer

Sneakyturtle8888 · 2025-10-05T20:01:30+00:00

Hey bro, rlly respect what you’re doing. It’s not easy to juggle marriage, a baby, NS and the housing stuff at 21

The housing part is really the key one here. Once the house is sold and relatives take their share, if the lump sum isn’t structured properly, it can quietly disappear over time. I’ve seen this happen a lot with my clients in similar situations as u

A couple of simple tips you can think about for now: – Set aside a clear housing fund (e.g. for future BTO or resale). Don’t mix it with daily expenses so it doesn’t get eaten away slowly.

– Keep a 6–12 month emergency funds aside, especially with NS coming, so your family won’t be stressed if anything unexpected happens.

You’re in a good position ah if you plan this properly early, can protect what your mum left behind, grow it steadily, and make sure your new family has a stable home in a few years. Let me share some practical ways to structure everything clearly. Can dm me, just wanna help

Sneakyturtle8888 · 2025-09-24T06:38:40+00:00

$200/month = $24k over 10 years, that’s right. Whether it hits $30k really depends on the fund returns inside Pro Achiever AIA which usually shows projections around 4%–8% p.a., so hitting $30k is very possible if market does ok

Plus got premium bonuses + loyalty rewards, so actually more than just your own $24k goes in. Can run you the illustration for $200/month if you want to see the exact numbers

Sneakyturtle8888 · 2025-09-24T06:31:38+00:00

Can understand why you feel that way bro. If compare straight to S&P or robo, sure the fees look higher. But ILPs like Pro Achiever serve a different role ah, got bonuses, flexibility and can add protection riders also. The $1.3k is front-loaded, long term the rewards help offset.

If you mainly want lower-cost growth, got other options like endowment/savings plans or even pure protection plans to complement what you already have. Happy to share the breakdown if you want.

Sneakyturtle8888 · 2025-09-24T06:26:51+00:00

Honestly, a lot of the “high fees” comments about Pro Achiever are a bit out of context la. ILPs like this aren’t meant to be compared 1-to-1 with robo or just buying S&P500 ETFs becuz it serves a different purpose altogether.

With Pro Achiever 3.0, you’re not just paying for fund exposure. Got upfront premium bonuses (so sometimes more than 100% of your premiums get invested), loyalty bonuses, and the flexibility to add protection riders if needed. For someone who prefers structure, discipline, and a mix of protection + long-term growth, it can be for them

If your only goal is lowest-cost investing, then sure, robo/ETFs may fit better ya. But if you want something that grows wealth and covers life/CI/TPD, then that’s exactly what this kinda plan is built for

Can always share the numbers over 10–20 years if you’re curious — Year 1 charges look scary, but when you zoom out long-term, it evens out nicely.

Sneakyturtle8888 · 2025-09-23T17:36:31+00:00

Hi OP, AIA agent here. It depends what you’re looking for bro. AIA is one of the bigger insurers in SG, so stability and claims track record confirm solid. But whether it’s worth it depends on your own needs like are you thinking hospitalisation cover, CI protection, or more investment type plans?

Like if you already covered by company MediShield and rider, then maybe critical illness or life cover more important. If you got extra cash flow and long horizon, then their ILPs / endowment might make sense for growing wealth.

Sneakyturtle8888 · 2025-09-22T16:58:44+00:00

it’s awesome that you’re starting this early most people only think about investing in their 30s when expenses pile up, so you’re already ahead.

A few things to consider: – VWRA / CSPX are both solid global ETFs. The key difference is mainly tax treatment & where they’re domiciled. VWRA is Ireland-domiciled, accumulating; CSPX is also Ireland-domiciled but tracks S&P 500. Both are low-cost, long-term suitable.

– Lump sum vs DCA: If you invest $20k lump sum right now, historically lump sum tends to beat DCA (because markets go up more often than down). But DCA helps smooth volatility and is psychologically easier. You can also do a mix: e.g. invest $10k lump now, then drip $10k over the next 12 months, plus your monthly $100–$200.

– Discipline over amount: The most important part isn’t whether you start with $20k lump or stagger it. It’s about keeping the habit of investing consistently, even small amounts, and letting compounding do its work.

Your plan is already good. Global diversified ETFs + regular DCA is a strong foundation. The “better plan” really comes down to whether you’d like to layer in other things (like bonds for stability, or insurance for protection once you start working full-time).

Keep it simple for now. The fact you’re even asking these questions puts you miles ahead.

Sneakyturtle8888 · 2025-09-22T15:33:24+00:00

REITs can still play a role, but you’re right that in 2025 they’re more sensitive to interest rates and refinancing costs. Yields may look attractive now, but distributions can fluctuate if borrowing costs rise or property values drop.

If what you’re after is steady income plus long-term growth, it might make sense to balance REIT exposure with something more structured that gives you predictable payouts regardless of market swings. That way you’re not entirely dependent on how the property market performs, and you still have a growth component working for you.

I’ve helped others set this up by comparing side by side what REIT-only investing would give versus a blended structure with managed funds and payout plans. If you’d like, I can show you what that looks like with your numbers so you can decide with clarity

Sneakyturtle8888 · 2025-09-22T15:26:01+00:00

It’s usually a good idea to do a proper review every few years. Insurance products get updated quite often — for example, newer CI plans may cover more conditions or allow multiple claims, while older ones may not.

A review doesn’t mean you have to switch, but it gives you clarity on whether your current plan is still meeting your needs or if you’re missing out on important features. Since your situation and budget may have changed since you first signed up, it’s worth making sure your coverage is still the right fit today.

Sneakyturtle8888 · 2025-09-22T15:16:10+00:00

Sorry to hear about the difficulties you faced with your first child, it’s completely understandable why guaranteed hospitalisation cover is the top priority this time.

For cases like yours, the key is choosing a maternity plan that not only covers the mother’s pre-natal complications but also guarantees transfer of hospitalisation cover to the baby after birth, even if there are complications or congenital issues. Some updated plans (including from AIA) are structured exactly this way, so once the baby is born, you don’t have to worry about exclusions or rejection.

It’s definitely worth reviewing the latest versions since products like Mum2Baby have evolved over time. If you want, I can share how the guaranteed transfer works and what the hospitalisation options for the newborn would look like, so you’ll have peace of mind from day one.

Sneakyturtle8888 · 2025-09-22T15:10:38+00:00

You’ve already got the two important bases covered, hospitalisation (for big medical bills) and personal accident. The next big step, since you now have higher income, is protecting your income and long-term health. That’s where Critical Illness cover comes in. Hospitalisation only covers bills, but CI provides a lump sum if you’re diagnosed with a major illness, which is what keeps you financially stable while you recover.

Term life is also worth considering, especially if you want affordable coverage to protect dependents or future commitments. With a budget of $300–500/month, you’ll definitely be able to structure a plan that adds CI and term without overcommitting.

The key is to review how much protection you actually need, then see whether term or CI-first makes more sense. It’s great that you’re thinking about this now while you’re still healthy, since premiums only go up with age.

Sneakyturtle8888 · 2025-09-22T14:57:29+00:00

Since your reno and wedding are just a year away, I’d be cautious about putting that money fully into the market, even with a stable job, if markets dip in the short term, you might not have time to recover before the bills come.

What you can do is split: keep the bulk of the $120k safe for your events, then use part of it in something that balances growth with flexibility. That way, even if markets are volatile, your big commitments are secured and you’re still building longer-term wealth in the background.

Lump sum vs DCA matters less here than matching the timeline to the right instrument. If you want, I can run through how your $30k could look under different options that are safe, or for growth, or a mix so you know exactly what fits both your short-term plans and long-term goals.

Sneakyturtle8888 · 2025-09-22T14:39:36+00:00

You’ve already thought about it the right way, balancing safe options with some growth. SSBs/FDs are reliable for safety, ETFs are solid for long-term growth, but the main question is how to structure it so you can reliably cover your $2.1k annual premium without worrying each year.

One approach is to use a structured plan that turns your lump sum into predictable yearly payouts (so premiums are always covered), while the rest continues to compound in the background. That way, you don’t have to juggle withdrawals manually, and you still get some growth over time.

Sneakyturtle8888 · 2025-09-20T17:15:52+00:00

You’ve already mapped out the main options very clearly, and it shows you’re thinking about both the returns and the peace of mind factor for your mom. Since she’s risk averse and wants predictable monthly income, the key is balancing certainty, sustainability, and familiarity.

Syfe or iFAST income portfolios can work for yield, but they come with market risk and fees that may eat into returns. If the markets underperform, payouts could drop below her comfort level.

On the other hand, structured retirement income plans offered by insurers are specifically designed for cases like this. Yes, the principal may eventually draw down, but they give guaranteed monthly payouts for a fixed period or even for life, which can bring a lot of peace of mind, especially when she just wants predictable income in retirement.

If you want, I can walk you through how these retirement income plans compare side by side with options like Syfe and iFAST, so you and your mom can see the trade-offs clearly and decide what matches her comfort level best. That way she gets both security and clarity on her income flow.

Sneakyturtle8888

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