"What do you do for living?", someone asks me. I answer," I handle people's financial matters." Most people will respond that I am an insurance agent, or unit trust agent. This might be the common "reputation" of the financial industry in Malaysia. I have encountered this many times. I tried not to explain the difference. But it really deserves a good explanation to clear this misconception.Imagine you are sick. You visit the doctor. After taking your temperature, examining the rhythm of your heart beat, etc ... then he gives you ...

Sometimes I receive enquiry about comparing different company insurance plan. But there is really no straight simple answer whether which plan is the best plan in the market. I know that it is the basic right for consumer to compare different insurance plans, from different insurance companies, presented by different agents even from the same company.There are 16 life insurance company in Malaysia.According to Bank Negara Malaysia (BNM)'s latest Insurance Report dated year 2005, the biggest insurance company is Great Eastern (GE) with 18.4 billion ringgit asset. The 2nd ...

Anybody with assets and loved ones needs to have a Will. But why is there still many Malaysian do not have their Will written? There are 40 billion Ringgit worth of estate unclaimed as published in the news headline early Feb 2007.Anyway, don't bother with those who didn't write their will. Just start to get yours written for these benefits:Save money!Without a will written, the person is called die intestate. This require his heirs to apply for the Letter of Administration (LA) instead of Grant of Probate (GP). The ...

To calculate the ROI (Return on Investment) of your investment is pretty simple. Let's say we buy a house at RM100,000. We sold it after 2 years for RM120,000. The total ROI in 2 year is RM20k/RM100k = 20%. The effective annual rate (EAR) is 9.54% per annum.Below I am going to show you how we can determine the ROI if you buy an insurance policy. Mark bought an insurance policy from Great Eastern Life Assurance. The policy he bought is a whole life policy named Supreme Care which ...