Resale Endowment illustration (1)

 This is an illustration of Resale Insurance which I bought in Jun 2021. 

Original Aviva Policy - started 23 Mar 17. Ends on 23 Mar 32.  Total: 15-year.

Bought by a 50-yo woman. Her premium term: 10-year. Cashback started at end of Year-2, which was subtracted from her annual premium.

Resale Policy  - started 23 Jun 21.  Ends on 23 Mar 32.  Total: 10-year 9-month. Bought by me through TES Capital, the Middleman.

~~~~

To compare original vs Resale XIRR.  

Some observations made:

Observation#1: The saving is about S$2k discount the new endowment. Regrettably subsided by the first original policy holder who surrendered.

Observation#2: Maturity payout at Year-15 remains unchanged as I bought over the policy; nevermind who that Original Assured is still "her".

Observation#3: Her original premium is slightly more as she added rider to her policy. This adds to her premium without adding to its payout. 

Observation#4 would be to quickly payout your premium tenure. Let it grow quickly, if you can afford to.

Original xirr: 2.74%, typical of a 15-year policy; worse over 10-year payment duration.

My Resaled xirr: 4.5%; still projected; hopefully Aviva honours it best effort.

Observation#5: The saving is quite substantial, amounting to about $13k; regrettably subsided by the first policyholder who surrendered her policy.

Blur or not ah?

https://t.me/Mr_Ferrari_Lim/53





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