Benefits of Hong Leong Income Builder

Looking at the Hong Leong Income Builder plan and benefits, it is easy for one to decide what to use the plan for. Here are some suggestions that may help you in the planning process:

This plan would be very useful for working adults aged anywhere from 20s to 50s. This category of people are highly active wage earners. Most of them have a lot of savings but they do not know how to grow the money.

This Hong Leong saving plan can contribute as a supplementary income, on top of their salary. Instead of having the money in normal savings account not doing anything, they can invest and make the money work for them.

Besides that, the Income Builder plan can also be a stable retirement fund. For those who are filial, such kind of plan can also be purchased as supplementary income for aging parents.

Married couples may find these type of plans extremely useful too. In addition to the above-mentioned retirement fund and extra income for aging parents, Hong Leong Income Builder plan is good as children education fund too.

You can start saving when your children is young. By the time, they need a lot of money for education, you have the money prepared. Also, such saving plan can work as a supplementary income for non-working spouse.

Lastly, a Hong Leong saving plan can be a gift from grandparents to their grandchildren or children. What better gift to give your descendants than a gift of financial security?

Hong Leong Income Builder is Tax Deductible

Another great benefit of Hong Leong Income Builder is that it is tax deductible in the life insurance category. Needless to say, this is an advantage for wage earners like us.

With so many ways to make use of the saving plan, it is no wonder why Hong Leong Income Builder is the best saving plan in town!

Call me at 017-8865207 if you are interested to know more about Hong Leong Income Builder.

An Overview of HLA Income Builder

Interested in the HLA Income Builder plan as part of your retirement portfolio or children education fund? Find out the benefits of this wonderful plan and decide if it would be something you will be interested in.

Why EPF Money is Not Enough?

The Hong Leong Income builder is a plan that combines both savings and insurance coverage into one big plan. Firstly, take a look at the schedule below. A few notable points of this package:

1. Limited Premium Payment Term

For HLA Income Builder, you can choose to pay the yearly premium for a total of either 6, 9 or 12 years. In the above example, it is a 6 years term. This means that you only need to pay the yearly premium of RM 29,920 for a total of 6 years and be done with it.

For the whole 20 years, you get to guaranteed yearly income  at the end of every year. For those who prefer to re-deposit the money into the saving,, you can earn interest of 5.5% (shown as Accumulation Option).

For those who prefer to prolong the premium payment term, you have the option to choose 9 years or 12 years too. The yearly premium can be changed to an amount you’re comfortable with.

2. Guaranteed Death or Total Permanent Disability (TPD) Benefit

With this plan, you can nominate a beneficiary for unforeseen premature death. This nomination feature can serve as a Will for wealth distribution. The total amount of death or TPD benefits can be up to 6.5 times of the Yearly Premium total. This is what differs from normal savings plans. The added death and TPD protection can give you a peace of mind.

3. Accidental TPD Benefit

In addition to the death and TPD benefits above, there is an extra TPD benefit for TPD case that are accidental in nature. The amount is total of 300% of the Yearly Premium total.

4. Up to 90 Years Old

This policy can be extended up to 90 years of age, as compared to typical insurance plans that has earlier expiry age.

5. Advancement of future Guaranteed Yearly Income

The Advancement of future Guaranteed Yearly Income (GYI) allows the policy holder to apply for an advance payment of the GYI when they have a major events happening. This lump sum advance withdrawal is subjected to approval and can be used for events such as: wedding, child birth, death in family, new house and more.

benefits of HLA Income Builder

A good saving plan provides you a shelter during your 'needy' times

Plan your retirement early and consider the HLA Income Builder Plan. For your info, this HLA income Builder only available until 31st December 2012. I invite you to check out this plan and add it to your portfolio. For more information, do contact me at jitlim.cheng@gmail.com or 017-8865207

Why EPF Money Alone Is Not Enough?

 
Have you ever come across Hong Leong saving plan and wonder this is something you need? While the Hong Leong Assurance saving plan looks very attractive, you should try to understand the reason why it can be an effective plan for you. In order to get an answer, perhaps you need to firstly assess whether our Employee Provident Fund (EPF) is enough for our retirement.

In 2009, I read a piece of article written by Ooi Kok Hwa for local english newspaper The Star, which really shook me. He said, studies shown that most Malaysian retirees used up all their EPF pension fund money within three years of their retirement. That is an alarming fact! All this time, I thought EPF money would have been enough for my pension. Suddenly, it seems that I have to start from zero again when it comes to my pension fund. This is where Hong Leong saving plan came into the picture for me. Luckily, I still have many years ahead of me before retiring.

  

An excerpt from The Star newspaper

At this juncture, you might ask questions such as “Why should I invest in plans like Hong Leong saving plan or Hong Leong Income Builder? Why not just save money in savings accounts?” The reason can be attributed to a thing known as the inflation rate. Inflation rate refers to the increasing of prices, which is usually determined on an annual basis. In Malaysia, the average inflation rate from year 2004 to 2010 is 2.91%.

This means the buying power of your Ringgit note has lowered tremendously over the years. With RM1, you could probably get two pieces of roti canai a decade ago. In 2012, roti canai cost at least RM1 per piece. Sometimes, you might get charged even more. This phenomenon occurs to all other things as well, most obvious ones being the property prices and petrol prices. As if this isn’t bad enough, I haven’t even include our own personal inflation rate. As you grow older and earn more money, many of us tend to spend on more expensive things. The clothes you buy today may cost a few percentage higher than those you bought when you were a fresh graduate.

Check Out Hong Leong Saving Plan For Your Investment Portfolio

It is therefore imperative for you to acknowledge the hard cold fact that saving your money alone will not be enough. At the time of this article, typical bank’s savings deposit accounts, such as Hong Leong bank rates, cannot even give you 1% interest rate. Unless you have a lot of money, your savings will not be able to catch up with inflation. In fact, your money will lose more values through the years. I urge you to look into investing your money and grow them now. You can look into various tools such as property investments, gold investment and savings plans like Hong Leong Income Builder.

It is never too late to start planning for your retirement. The earlier you do so, the more advantages you have. As with any investment activities, diversification is still the key. Pick up investment books and get to know more investment products in the market would be a great start. Knowledge is power, especially when it comes to find the best investment in Malaysia. In this case, hopefully you will build a profitable investment portfolio for your pension money. While you are at it, don’t forget to check out Hong Leong Income Builder.

For more information on this saving plan, please do not hesitate to me; jitlim.cheng@gmail.com