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Not sure how life assurance/insurance works in the United States, but in Singapore, the principal is 100% guaranteed by the SDIC (Singapore Deposit Insurance Co
by ghshephard 11y ago
Not sure how life assurance/insurance works in the United States, but in Singapore, the principal is 100% guaranteed by the SDIC (Singapore Deposit Insurance Corporation) - so, kind of a hybrid between Savings (Guaranteed by Government), and Stock (ROI linked to underlying equities.)
The major difference is significant penalties for early withdrawal.