i-Gift , attractive instalment draw down plan ( Closing on 29th December 2006 )

The i-Gift sells very well. The results are much better than expected. Over 100 policies are sold each week.

i-Gift is a product that offers a guaranteed income for a fixed term. It is actually an annuity certain.

The average investment is about $50,000. 80% of the investors choose 5 year term, while the other 20% choose 10 and 15 year term.

i-Gift

It is popular as it offers a guaranteed return of more than 3%.

The current tranche will be withdrawn soon. The next tranche will offer a lower return, as interest rates have declined recently.
Basically is a plan that guarantees payout annually over 5 years.

This plan is good for people with spare cash seating in the bank or no plans for CPFOA

Example, if one place $100,000 each year, draw down will be $22,125 annually as attached. This is like $20,000 principle payout and interest of $2,125

This is like escalating interest.

Example

Year 1 - $100,000 Payout $22,125 - Interest = 2.125%
Year 2 - $80,000 Payout $22,125 - Interest = 2.656%
Year 3 - $60,000 Payout $22,125 - Interest = 3.541%
Year 4 - $40,000 Payout $22,125 - Interest = 5.312%
Year 5 - $20,000 Payout $22,125 - Interest = 10.625%

We may hit target of $100 million this week and will stop this plan, as it is a guaranteed payment plan. As of yesterday the co-operative already colleced $72 million.

Plainly for people with spare cash but not getting good interest in the bank.

If you are keen, please do not hesitate to contact me soon before we close in a few days' time for this tranche.