Today I a going to touch on NTUC Income Revosave Savings Program.
Its a wonderful anticipated endowment policy encompassing on
1) Protection
2) Savings
3) Investment
AND even the way you spend your money.
Let me just quote you an example.
You save $250 a month in the bank, $3000 a year, after 25 years, you will get
around $75,000+.
(provided you never take out the money, earning an interest of 1% per annum)
In the first year, if anything (death or TPD) were to happen to the person, the family can only get the amount of money in the bank.
No more, no less…
The family will only will be able to draw an amount of $3000 in the bank. Period!
Okay this is when Revosave Savings Program come in handy.
You still save $250 a month in the program, $3000 a year, after 25 years, you will get more than $75,000+..
PROTECTION
On top of that, in the first year, anything were to happen to the account holder of the Revosave Savings Program, the family/nominee will get $33,919.
After the second anniversary year, the Revosave Savings Account holder can receive a guaranteed cashback of $1996.
He or she can do 3 things with the cashback.
1) If he need the money, he can spend it. (SPEND)
2) If he dont need the money, he can save with NTUC Income at an interest
rate of about 3.5%. (SAVINGS)
3) Alternatively he can also invest in Investement Link Policy at zero sales
charge. Zero Policy fee.(INVESTMENTS)
Lets cut the story short and do the comparison.
If save $250/mth , $3k per year, for a period of 25 years in the bank, it will amount to $75,000+
Under Revosave Savings Program,
1) If you take yearly cashback, total cashback + remaining amt after 25 years = $90,651
2) If cashback save with NTUC @ 3.5%, = $115,933
3) If cashback place with ILP with no sales charge
= @ return of 5% per annum => $120,360
= @ return of 9% per annum => $174,551
You can see that this plan is just wonderful. Most people like to enjoy protection, do some savings and also invest their money.
However, they need to use their money too.
Revosave Savings Program is the answer to the equation.
Do call me up for a non obligatory explanantion on this unique, one and only Revosave Savings Program from NTUC INCOME.
Helmi Hakim
81475700
Mon, Oct 22, 2007
Investment