Ferrari Me (Ferrarilim)

Just had lunch with a missionary.  Their perspective of hoarding assets are so different from us.   Oddly, our conversation did not even talk of CPF, or endowments.  Day-night we dream n breathe $$.   They are contentment, Word and Missions.  In other words, we live in 'Greed'; wonder if you would disagree. Good reminder. One lesson from our chats: "Dont cheat on God's People.  Bad things can really backfire."

Painful & sad to surrender my ILP PrudLink today. Imagine I am a believer in endowments & insurance, and yet to surrender one, due to rising mortality cost. To-date, I have 20 endowment policies (one just matured) , and 14 insurance protection under my name; excludes this PrudLink. Over time, if not surrendered, it will eat up my policy cash value & eventually forced lower my actual death coverage value. At the rate of increasing morality charge after age 60, my annual premium already inadequate to cover my insurance cost; net loss is $54 per month x 12 = $648 p.a. loss . (This net loss over my annual premium was provided by the Prud Counter staff). Any insurance policy (be it ILP or traditional) will encounter rising mortality cost when one gets very old above 60yo.  The annual premiums which we pay will not be adequate to cover the insurance cost. This will eat into my cash value till zero; then the coverage will be reduced over the years. ~~~  My TPD & Disab...