Someone asked "My mother is thinking of buying a 5 years insurance plan with a single premium of $10,000. She is still in good health and the reason she's buying is to get safe returns that are higher than the bank interest."
It is quite common that people are not clear on the differences in saving, investment, and insurance.
It is good to understand Saving, Life Insurance and Investing - Revist
Converting my NTUC Member Card to the Credit Card and get $60 for free! - So previously, I was on the PLUS Credit Card for simplicity in my finances as written here(too lazy to keep optimising points/rewards that don’t make a hug...
2 hours ago