Money Week 2012 Episode 34
Year-end Holidays- Booming business as Past Years?Despite a dismal economic outlook, Singaporeans are not foregoing their year-end holidays and travel agents are reporting better bookings than previous years. Europe is one of the hottest destinations this year, as a result of a weak Euro and cheaper air fares. For those who love skiing, besides traditional destinations like Japan and Korea, China has become a new spot because of its lower costs. However, is this year’s boom just a temporary respite?Financial Planning 101: Distibution of Regular Premium for Investment-Linked Policies.There are two types of Investment-linked policies (ILP), namely, single premium policies and regular premium policies. Regardless of their nature, premiums paid by policy holders are distributed between insurance coverage and investment. While insurance coverage for single premium policies is locked within a fixed range, that for regular premium policies can be proportioned according to policy holders’ decisions. But how is the proportion decided? And if the premium amount for policy holders’ insurance coverage increases with age, how does this affect the policies?