MultiCash Lion Endowment Series 3 (MultiCash)

Sharing with you some of the products of Great Eastern Life Insurance...one of the innovative product is Multicash Lion Endownment policy plan.....

You want the best future for you and your loved ones. It also means planning for the realization of your dream or the unexpected. MultiCash lets you do both, with a comprehensive financial strategy ideally suited to fit your needs.

MultiCash is an endowment plan that comes with an annual Cash Bonus which allows you the financial flexibility to manage how this bonus is to be used. It also entitles you to a Survival Benefit. This special scheme gives you a cash-back with no reduction in your life cover ensuring you of guaranteed cash income, every three years. Again, you have full flexibility in doing what you wish with this cash.

The total amount payable throughout the term of the policy can be as high as 210%* of the basic sum assured allowing you to gain substantially more from your investment with no extra cost. (* terms and conditions apply)

From the 3rd policy year onwards, MultiCash comes with Deferred Term Assurance advantage. With this, you are guaranteed to significantly increase your policy value without having to pay any additional premium. Depending on the term of plan chosen, you could gain up to 90% in addition to the basic sum assured. This means increased protection for you to handle any of life's crisis with complete peace of mind.

Depending on your age, budget and requirements, you may select a policy term of 12, 15, 18, 21, 24, 27 or 30 years, and a basic sum assured with a minimum coverage of RM5,000 to any amount which you can afford.

Real Estate Articles

Making the right choice...........
courtesy of property2u.com

For many people, the purchase of a home is the most important financial decision of their lives. Therefore, it makes sense to approach the decision carefully. The purchase of a home is unlike any other consumer product as it covers a lot of ground - including legal, financial, technical and emotional considerations. To not educate yourself and learn from the mistakes of others only sets you up to be at best, disappointed and at worst, being 'house poor'.

Caveat emptor! Let the buyer beware - The idea that buyers take responsibility for the condition of the items they purchase and should examine them before purchase. How true is this for the property buyers? It works well for buyers of completed units but not if you are buying from plans, when the construction has not even commenced. There is nothing as yet for you to inspect or assess. At least with knowledge you can enter into the world of homeownership with more confidence.

The process of building and selling a new house or apartment unit involves coordination among a large number of parties: land owners and developers; contractors; trades people; government regulators; designers; architects; consultants; planners; building material suppliers; lawyers; bankers and house buyers.

First time house buyers normally have little knowledge of what aspects to look for when they are ready to acquire a home. Thus the onus is on a prospective house buyer to be well educated on their rights and to seek help from all sources available before they make their first payment.
In reality, there is no 'one stop centre' for a study of a developer's record. It is common practice for big corporations to start a new private limited company for every project, as such, you might not be able to check track records unless you have the names of all the subsidiary companies formed. There are also instances where the development project is a one time venture that the company/individual undertakes. You will have to do some investigative work to get the information you want.

Real Estate Links.....

Redbase - www.redbase.com.my
Iproperty - www.iproperty.com.my
Malaysia Real Estate, Property2u - www.property2u.com

Sharing with you about Engineering Insurance

Engineering Insurance
courtesy of Tokio Marine Insurans (M) Bhd, www.tokiomarine.com.my

Overview
Engineering insurance is mainly confined to 2 main categories: construction insurances and machinery insurances. Construction insurances encompass construction of buildings, roads, bridges, erection of plant and machinery, etc. Whereas machinery insurances provides protection against loss of or damage following breakdown and/or accidental damage to all kinds of plant and machinery including loss of profits therefrom.

Machinery Breakdown Loss of Profit Insurance

Under the Machinery Breakdown insurance, indemnity is provided in respect of damaged or destroyed machinery. However, material loss is not the only loss sustained by the Insured in the event of a loss or damage to the insured machinery, since in most cases, a material loss also causes interruption or interference to the Insured’s business operations. This is due to the time spent in arranging the repairs, awaiting delivery of replacement parts, starting up the plant and re-activating the production and so forth.

The end result is a financial loss to the insured in the form of loss of profits and increased costs of working. In many cases, the loss sustained as a result of interruption to the business operations by far exceeds the material loss suffered by the Insured. The Machinery breakdown loss of profits is the protection against the financial consequence of the material damage happening.

The policy insures loss of Gross Profit following an accident or breakdown of the machinery which is indemnifiable under the Machinery Breakdown insurance policy.

Real Estate/Property Listing

In order to view my current and future property listing, you could click the following links below:

http://www.propertyinbox.com/agent/mylisting.php
http://realestate.net.my/photoclass/showcat.php?cat=500&ppuser=10358

Financial Planning Resources - The Internet

Financial Planning Association of Malaysia
The association for financial planners in Malaysia, with some very good articles and information on financial planning.
http://www.fpam.org.my

Certified Financial Planner Board of Standard
A nonprofit, regulatory organization devoted to educating the public about the benefits of financial planning.
http://www.cfp-board.org

Financial Planning Interactive
A forum for discussion and information on financial planning.
http://www.financial-planning.com

The Edge Magazine
Malaysia's best selling and highly regarded publication on business, financial planning and investment.
http://www.theedgedaily.com

Financial Planning

EVERYONE has dreams but only those with a sound plan will be able to achieve them.

A good financial plan allows you to set goals and objectives that you can work towards and find out how you intend to achieve them. Essentially, it offers a road map that you can use to navigate through life with greater peace of mind. To start, you will need to define your financial goals. Set realistic and attainable financial goals. Be specific. Write down when you intend to achieve each objective and how much you need.


Dont forget to take into account the effects of inflation on your financial targets. Next, you will need to develop a good financial plan to achieve the goals you have set for yourself. Take a good look at your tax returns as well. With some pre-planning, you may be surprised at how much you can save with tax rebates.

You should also keep an account of the assets you currently own, including your car and house. Don't let your debts, especially credit card bills, spiral out of control. Build your funds by saving regularly and investing according to your risk profile.

You should also review your financial plan periodically to check whether or not you are still on track. At the same time, you may need to adjust your financial plan to accomodate changes in your lifestyle needs and wants.

REMEMBER: "The earlier you start the more you satnd to gain"

Protection Planning

Ask any professional financial services advisor and most of them will tell you that one of the most important components of a sound financial plan is protection planning.

Because no one can predict the future, everything that you've worked so hard to achieve in life may be undone by a single unexpected event.On the other hand, if you have a comprehensive protection plan that adequately protects you and your loved one's from life's risks, you will be able to live life to the fullest without unnecessary worries. Thus, you can do all the things you love to do with complete peace of mind knowing that your life goals will be fulfilled no matter what happens.

Insurance is essential to securing your financial future and provides a safety net should something unforeseen occur. It protects your loved ones against life events that could significantly impact your financial well-being.

Life insurance helps to ensure that your family and loved ones are protected in the event of a death. More to the point, life insurance provides the financial support that your family needs if the unexpected should happen to you. This will help them pay the bills and assist them in maintaining their way of life.

With increasing health care costs and rising hospital admission rates for killer diseases such as heart disease, stroke and cancer,critical illnesses insurance cover should also be considered a key element in your protection planning.