Finance Blog

Long-term goal is to save the money for pension funds and education of children. Most families have no savings for special education children, they only rely on general fund reserves that are expected will not be used until needed.

Life insurance combined with a savings account appears as a means to save money. One product that has been known by the public accounts is a 2 in 1 (PRUlink Assurance Account). In fact there are savings in life insurance, as long-term savings, this product is not subject to tax on the interest rates. Compare if you save with the bank in the conventional way, such as regular savings accounts or deposits. You pay tax of 20% interest, no matter how big and how long you have been a customer of a bank.

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