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Written by Wilfred Ling
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Saturday, 16 February 2008 |
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There will be greater disclosure of the Particpating Life Fund when client purchase participating policy like whole life and endowment. One insurer has already started to have place these greater disclosure in their benefit illustration. I read the disclosure - goodness their participating life fund has an expense ratio of only 0.03% for year 2007! The gross ROI for year 2007 is 12.25% despite having an asset allocation of 34.5%/49.7%/15.8% of equities/fixed income/others! This is amazing! Can I invest directly in their life fund as plain vanila unit trust (but I don't want the insurance)? As more and more companies disclosure their life fund vital statistics, I think everybody is going to have a fun time reading benefit illustrations!
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