what if during the 10yrs , both of you n your husband kena retrench n could not afford to pay the premium?Hey mums,
I recently met my insurance agent who introduced this savings plan to me.Its like you save a fixed sum monthly/yearly for 10 yrs and the policy continues accumalating.I checked the interest rated and found out that for the past 5 yrs it averages at 5.25%.
As most ppl dont want to become a liability to their kids i feel that it is worth looking into.
If you are interested pls PM me and i give you the agent no.(Pls do not leave no here)
I recently signed up for my elder son 22 mths and found out that if you sign up from now till 17/5 you get 20% off first year premiums.And the beat thing is i pay $309 monthly or $3553 annually for 10 yrs means i will pay up $35230.(exclude discounts)When my elder son turns 21 he gets a gurantee sum of $42,276.
For parents nowadays we would like to finesh saving as much as possible earlier so you guys should consider this plan.
I AM NOT AN AGENT JUST A CAREFUL MUMMY WHO WANTS TO SHARE THIS EXPERIENCE