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‘Capital guaranteed upon death’: Such labels for investment-linked policies are misleading, warn MAS…
‘Capital guaranteed upon death’: Such labels for investment-linked policies are misleading, warn MAS, Life Insurance Association
Some insurance agents and financial adviser representatives have used the term “capital guaranteed upon death” to refer to the death benefit of ILPs, in an attempt to appeal to Singaporeans’ penchant for safer investments, especially among seniors and pre-retirees.