Personal Finance Money Tips

A Malaysian compiling Lots of tips and advices on personal financial planning - Protect, accumulate, preserve, and manage your WEALTH wisely!

Archive for September 2007

Dividends will be tax-free

Executive director of Ernst & Young Tax Consultants Sdn. Bhd., Yeo Eng Ping wrote a great article about the new budget 2008 promoting conducive investment climate. Several points explained include: 1. Corporate tax cut - tax rate will be further reduced to 25% in the year of assessment (YA)2009 2. Single-tier income tax system - Malaysian companies are no longer required to deduct tax on dividends paid to shareholders. 3. Economic development regions - Prime Minister announced the upcoming launches of the East Coast Economic Region, the Sabah Corridor and the Sarawak Corridor.

Market Penetration of Life Insurance in Malaysia grew to 39.3% | I think it is lower

Market penetration of life insurance, as measured in terms of the total number of policies in force to total population, grew to 39.3% as at end-June 2007 (end-June 2006: 38.7%) [via The STAR] I personally own five insurance policies. Most of my clients has 2-4 life insurance policies. According to the method of calculation shown above, there are 4 policies in every 10 Malaysians. In my own statistic, there is an average of 3 policies per clients. If we consider that too, that means among the 4 policies in every 10 Malaysian, ...

Supreme Care: Whole Life Non-Par Insurance Plan

written by KCLau @ KCLau's Money Tips This article is a review and analysis of Supreme Care Insurance - a non-participating whole life plan from Great Eastern Life Assurance (Malaysia) Bhd. This post is part of the Great Eastern Product Reviews series. Introduction Before this review, I have done a few reviews of Great Eastern products such as Great Protectlink Insurance (Investment-linked), Supreme Livin'Care Insurance (Living Assurance) and Great Income Advantage Series 2 (Whole Life plan). Supreme Care (SC) was launched way back before all those plan mentioned here. It ...

Great Eduplanner: Education Endowment Insurance Plan

written by KCLau @ KCLau's Money Tips This articles analyze the bestselling education endowment plan by Great Eastern Life Assurance (Malaysia) Bhd. - the GREAT EDUPLANNER Introduction I had previously posted reviews on three of the bestselling insurance plan by Great Eastern: Greatlife Portfolio Insurance Supreme Livin'Care Plus Great Junior Advantage Series 2 This article is part of my Great Eastern Product Review series that research a product a day during this week. Through the review published here, I hope you will have a better understanding of the different kinds of insurance plan that caters ...

Great Junior/Income Advantage Series 2 : Whole Life Income Plan

On the past Monday and Tuesday, I posted about two bestselling product from Great Eastern insurance product reviews. Today, we are going to learn another special product known as tri-generation benefit plan by other company. On tomorrow and the day after that, I will cover another two quite popular insurance plan. Here is the schedule: Monday: Greatlife Portfolio Insurance (Regular premium investment-linked plan) Tuesday: Supreme Livin'Care Plus (Whole life living assurance policy with cash bonus) Wednesday: Great Junior/Income Advantage Series 2 (Whole life income plan) Thursday: Great Eduplanner (Education Endowment Plan) Friday: Supreme Care (Whole ...

Supreme Livin’ Care Plus: Whole Life Living Assurance policy with Cash Bonus

by KCLau During this week from Monday to Friday, I will post a series of Great Eastern insurance product reviews. It was schedules as below: Monday: Greatlife Portfolio Insurance (Regular premium investment-linked plan) Tuesday: Supreme Living Care Plus (Whole life living assurance policy with cash bonus) Wednesday: Great Junior/Income Advantage Series 2 (Whole life income plan) Thursday: Great Eduplanner (Education Endowment Plan) Friday: Supreme Care (Whole life non-participating plan) Before the launch of Supreme Livin' Care Plus (SLC+) back in 2005, there are several older "version" of this living assurance plan, such as Supreme Livin' Care and ...

Greatlife Portfolio Insurance - Regular Premium Investment Link Plan

During this week, I will post a series of Great Eastern Insurance Life Assurance products review. An analysis will be posted everyday from Monday to Friday as scheduled below: Monday: Greatlife Portfolio Insurance (Regular premium investment-linked plan) Tuesday: Supreme Living Care Plus (Whole life living participating assurance plan) Wednesday: Great Junior/Income Advantage Series 2 (Whole life income plan) Thursday: Great Eduplanner (Education Endowment Plan) Friday: Supreme Care (Whole life non-participating plan) In this article, I will show you the details, benefits, features and popular riders of the bestselling regular premium investment-linked plan from Great Eastern: GREATLIFE ...

Week Roundup & more Personal Finance Advice

Next week, I will start a series of post introducing and dissecting Great Eastern Life Assurance insurance products. You will get a very details explanation of the product features and who is suitable for which kind of plans. I will tear the insurance product apart to show you the value in the plan. There are more than 2 new insurance products launched every year from each insurance company, in the form of riders, newly revised better version of old plan and some are even totally redesigned policies. I will start ...

Personal Finance Money Tips - September 8, 2007

Welcome to the September 8, 2007 edition of personal finance money tips. Real Estate Investment Michael Emilio presents How To Recognize the Full Value of Your Real Estate Investment posted at Michael Emilio. Frugal Living Tips Frugal Panda presents How to: Eat Healthy for Cheap posted at Frugal Panda. Eric Stanley presents Are You Falling Into These 4 Frugality Traps? posted at Personal Finance Blog Articles, saying, "It’s easy to say that this item costs less than that item. But does the difference really justify buying the cheaper item? Not always, and that is ...

Top 10 Money Lessons by Dissecting Billionaire Leona Hemsley’s Will

Leona Hemsley, dubbed by the press as the "Queen of Mean" for her demanding ways and irascible personality, passed away in August 2007 leaving behind an estimated total estate of $5 billion. Alongside her husband, Harry, Helmsley ran a $5 billion real estate empire that at one time included the Empire State Building, the New York Palace Hotel, the Park Lane Hotel and the Harley Hotel chain. After dissecting her 14-page will [pdf] filed in Surrogate’s Court, I am going to elaborate some personal finance money tips in this post. ...

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