you know, this kind of policy costs more than buying a car but Bank people doesn't give you
enough information.. of course they give you some brochure, I did read yesterday but these are greek to
people with low financial IQ like me.
So I really appreciate you guys explained this to me in normal language here! (Although I confess .. still I don't understand some words :P
I was considering some HSBC stock actually it is getting lower now... (was 79 this afternoon
Many people say that there is still some risk but nothing wrong to have some stable stock in a long term.
one more question for the saving + life insurance is "HOW MUCH IS THE GUARANTEED AMOUNT? "
my friend laughed out and said "their sample calculation is just for a reference to please potential customers (HSBC showed me the
one with 4% interest) and your money is never going to grow like that! ! HA HA HA! !"
.. .is it? really?
The document doesnt mention anything guaranteed here.
So bank shows us some reference with good figure, and then later on( when I am like ... 60 years old)
.. give me a penny saying "told you it is just a reference! ha ha ha! "
Then, in this policy, I"d have a risk or losing money if I have to withdraw earlier than 12 years,
but they are willing to pay 500K(which is taxable to dependant) if I am dead,
and all guaranteed is paid principal...?? hmm..
If I leave my money untouched in the account for 20 years should I get something better than that?
Maybe I should just have normal life insurance + health insurance with around 400HKD per month and
forget about saving + life insurance stuff.