Personal Finance Money Tips - Latest Comments in Great Junior/Income Advantage Series 2 : Whole Life Income Plan

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

quange — Mon, 08 Dec 2008 09:29:27 -0000

AIA, ING, Allianze and HLA also provide similar products

Http://Kclau.com

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

taries — Mon, 08 Dec 2008 04:37:17 -0000

can i know the similar products of other insurance company with GJA?

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

Sam — Mon, 08 Dec 2008 00:17:15 -0000

With reference to this plan, what is the min monthly premium payable ?

If I pay RM300 monthly, how much annually I get after 10 years?

What happened if < 10 years I lose my job and have no money to pay the monthly premium, will this plan automatically forfeitted by the insurance company? Or I can pause and continue later?

What is the disadvantage of this plan?

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

quange — Mon, 08 Dec 2008 00:15:09 -0000

Hi Sam,
Regarding you question:

1. Min monthly payment is about RM300.. slightly different depends on age
2. If pay RM300/month, the payout is about half of it on the 10th years
onward (about RM1800/year)
3. If you can't afford to pay any premium, you can stop for a while. But the
plan have to be fully paid within the first 10 years. If you not, the
feature won't kick in at the end of the 10th year. If there is some premium
loan, you will need to pay some interest charges on daily basis (7% p.a.)
4. Disadvantage - you need to commit at least 10 years for premium payment
(force saving). It is not very liquid although you can take premium loan.

KC

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

quange — Wed, 26 Nov 2008 07:04:59 -0000

Yes. It used to have advanced premium discount. But this year GE
introduced APA account - advanced premium account. Your advanced
premium will get 4% per annum interest, and being used to pay premium
when it is due.

Http://Kclau.com

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

Li — Wed, 26 Nov 2008 04:40:42 -0000

Just to check, is there any single premium for this insurance product? Any deduction on the premium?

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

quange — Thu, 04 Sep 2008 21:09:05 -0000

can claim the total death benefit
or don't do anything and still receive the yearly payment

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

crane — Thu, 04 Sep 2008 13:35:07 -0000

how about after 10 years tpd happen?

thankyou!

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

quange — Thu, 14 Aug 2008 11:36:34 -0000

the beneficiary will get the sum assured, which is always higher than the total premium paid.

Re: Great Junior/Income Advantage Series 2 : Whole Life Income Plan

andree — Thu, 14 Aug 2008 10:54:13 -0000

This policy would be great for those who can live till 87 years old. How abt someone death within the 5th - 10 th years of premium. They will lost compare to wht they gave?