I know what INSURANCE means -jameschen6(梦想农庄) @SF湾区华人论坛:SF湾区枫下论坛 The Rolia Forum of San Francisco

I know what INSURANCE means

jameschen6(梦想农庄)

I know what INSURANCE means. I did not take any account of payback(300K). That means I assumed you have no any sick occur and no any claim.

I did set some conditions for my calculation. First one is that you are 30 year old now. You will have 45 years to go before you have your capital gain back (not 30 years). Second is that such calculation is simplied without consideration of income tax. Third is 8% return rate is used. fourth is $933,565 is the value at the time that you are 75 year old (year 2048). That will be equvelent with $29,246 of today' value. The deal is like this. if you agree to pay $29,246 today, They will have that policy valid untill 2048 without your any other payment.

Have you done your own calculation? or you just consider such figure is unlikely only from your feeling. If you like to have the way how I do the calculation. give me a email. I can send a file for you to check.

(#966844@0)
Last Updated: 2003-1-10
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where is it from? -wishness(小饼); 2003-1-9 (#965179@0)

My IS broker. -jkjone1(pp2p); 2003-1-9 (#965392@0)

You said you are a broker? -rror(斧头帮黄金左脚); 2003-1-9 (#965439@0)

no, i'm not. its from my insurance broker. -jkjone1(pp2p); 2003-1-9 (#965450@0)

这险不成熟。对于理赔条款需再读，最好找这里的医生读。很多病不是你想象的。 -ra_95(小人-编织光阴的补丁); 2003-1-9 (#965434@0)

thanks! -3721(过路人); 2003-1-9 (#965553@0)

你说的是哪家保险公司？ -magggon(紫竹院); 2003-1-9 (#965562@0)

Say you are 30 year old -jameschen6(梦想农庄); 2003-1-9 {281} (#965695@0)

Say you are 30 year old. you pay 2500 every month from now. You will pay the interest of $933,565 totally at a value of that time. Equvilent month primum is $1,728 of that time value.

I am not going to say it is worth or not. If you have money for it, go and buy it!!!!!!!!!!!!

pay 2500 every month from now??? -mildkiller(M.K.); 2003-1-9 (#965709@0)

Sorry, It is my writing error. It should be 2500 a year. My analisys is based on this correct primum. -jameschen6(梦想农庄); 2003-1-9 (#965863@0)

pay the interest of $933,565 totally. 是93万多吗?俺不会算帐,可是对这个级别的数字向往很久了. -mildkiller(M.K.); 2003-1-9 (#965888@0)

Yes, This is the value at your 75 year old. 8% interest rate was used in my caculation which is average return rate for long term investment -jameschen6(梦想农庄); 2003-1-9 (#965906@0)

How did u get that number? if it is true. ok, u do it by putting ur -jkjone1(pp2p); 2003-1-9 {665} (#966069@0)
How did u get that number? if it is true. ok, u do it by putting ur $2500/YEAR aside do what ever u want to do and ur day dream will come true after 30 years(900k $???). ? if that is the case, every one here will be the millionaire in the coming 30 years!! use your mind, man!

this insurence item is for somebody has some money in hand and don't want to die at the risk of sickness. I don't think he/she hope that pay back
(300k) will come true, nobody want such "luck" chance! and that IS the real meaning of the "INSURENCE", just in case.

The policy coves whatever sickness that a "doctor" COULD NOTsave you!
(can a doctor save u from a CANCER?).

I know what INSURANCE means -jameschen6(梦想农庄); 2003-1-10 {916} (#966844@0)
I know what INSURANCE means. I did not take any account of payback(300K). That means I assumed you have no any sick occur and no any claim.

I did set some conditions for my calculation. First one is that you are 30 year old now. You will have 45 years to go before you have your capital gain back (not 30 years). Second is that such calculation is simplied without consideration of income tax. Third is 8% return rate is used. fourth is $933,565 is the value at the time that you are 75 year old (year 2048). That will be equvelent with $29,246 of today' value. The deal is like this. if you agree to pay $29,246 today, They will have that policy valid untill 2048 without your any other payment.

Have you done your own calculation? or you just consider such figure is unlikely only from your feeling. If you like to have the way how I do the calculation. give me a email. I can send a file for you to check.

研究数字ing.... my data is 966,264.04, is there anything wrong with my caculator? -zhang3(的夫人); 2003-1-10 {110} (#967347@0)
assum: you deposit 2,500 every year, the investment rate is 8%/year, after 45 years, you will get 966,264.04.
http://www.arachnoid.com/lutusp/finance.html

可能一个是年复利，一个是月复利 -silverwater(没正事准备ing出租G.); 2003-1-10 (#967433@0)

我是按年利来算的，如果按月利来算的话是不是就是年率除于12就行了？据说银行就是这样算的。唉，算不清，真麻烦，头痛ing.... -zhang3(的夫人); 2003-1-10 (#967458@0)

Two differences: -jameschen6(梦想农庄); 2003-1-10 {294} (#967798@0)
Two differences: one is you start from 1 to 45. I start from 0 to 45. More care of thinking is needed for me to decide which is correct. The second is you have not yet take the capital out as conditioned in the described policy ( say 45 times of 2500).

You are a guy who understand me. Thank

当然我站在你这一边。现在正强迫ing...自己用数字来衡量一切和钱有关的事。 -zhang3(的夫人); 2003-1-10 (#968024@0)

Gooooooooooooooooood. Make any informative financial decision for your own money. Buy what you really needs within your budget. Do I say the same thing with you? -jameschen6(梦想农庄); 2003-1-10 (#968228@0)

so, u must already have $999,999 with u cos u r the smartest in the world!! -jkjone1(pp2p); 2003-1-10 (#969065@0)

80% return rate will definitely help me to achieve that amount. I'd like to say I am most prudent -jameschen6(梦想农庄); 2003-1-12 (#971055@0)

"will be" is ur imagination. how do u know what'll happend tomorrow? 80% rtn? is that stock mkt?. show us where is 8% rtn & to prove it. -jkjone1(pp2p); 2003-1-12 (#971550@0)

I do not know how long have you been here in Canada and what have you planned and done for your financial arrangement -jameschen6(梦想农庄); 2003-1-12 {1391} (#971666@0)
本文发表在 rolia.net 枫下论坛I do not know how long have you been here in Canada and what have you planned and done for your financial arrangement. Do not just ask a question? Give some thinking of yours about personal finance. We can discuss from there.

You are right. There is nobody know what will happen tomorrow. But let me ask you whether sun will come out from the east and set down in the west tomorrow. Tomorrow has not arrived yet. You can deny people who say sun will do same thing of today and these people cannot prove it. I would introduce a word "Believing" (I am a Christian). Now do some homework on the difference between FACT and BELIEF.

8% is most likely return rate for LONG time investment (more than 5 years). I have this concept from many talking with financial people. When these people try to sell you their insurance policy (UL or WL), they are advised by their company to use return rate 6% conservatively. Go to get a copy of Mutual Fund Prospectus of nearly any management company or bank. Almost any fund have rate higher than 8% for LONG term period.

You can not simplely go to the bank and ask a 8% interest rate for your money. Canada has much much broader financial market comparing with China where the most common choice is fixed rates. Also there are many other financial institutes in addition to the bank.

So I believe 8% is reasonable rate for LONG-term investment.更多精彩文章及讨论，请光临枫下论坛 rolia.net

looks that ur selection from financial market all r unfixed rate. THAT IS THE RISK! Do u still believe u can still get >8% return from the stock market now? things r changed for the new century I think. -jkjone1(pp2p); 2003-1-13 (#972481@0)

即使股市在跌，你仍然可以挣钱。挣不挣钱只是你看得准不准的问题，和股市在升在跌没有直接关系。股市的升跌只起加速作用。 -zhang3(的夫人); 2003-1-13 (#972905@0)
I could not know how this guy is thinking and how many knowledges he has got from his fraged context -jameschen6(梦想农庄); 2003-1-13 {626} (#972956@0)
I could not know how this guy is thinking and how many knowledge’s he has got from his fragmented context. A particular stock can have 30% returns for a particular year. If you think 6% is more reasonable instead of 8%, it is quite OK.

How do you know that new century will be different from the last one from the performance of only two-year time (2001 and 2002)? Yes, It will be different definitely like 19’s comparing with 18's. But it will be better or worse or other for 20,s?

I am not the person who likes to take risk. So involving into stock market directly is not for me.

I still a learner to the finance
Read the article #996577 -jameschen6(梦想农庄); 2003-1-26 (#1002918@0)

Yes, They will have this amount of your money in their pocket if you insist to give the money you have agreed enen in the time you are 72 year old and without a penny income -jameschen6(梦想农庄); 2003-1-10 (#967302@0)

月存200，30年期，年息0% 年息6%， 10%，30年后本利合计分别为72000，201907，455865，损失拉大该130k-380k的利息，不少拉吧。 -silverwater(没正事准备ing出租G.); 2003-1-10 (#967421@0)

月存200，30年期，年息8%, which bank has this service??? -jkjone1(pp2p); 2003-1-10 (#969057@0)

@San Francisco

I know what INSURANCE means

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