People are lining up to die in hospitals with daily increasing infected patients queue up for the screening. But the government allocated priority for the medical care service, thus, the citizens receiving the aids are hardly able to survive for a month. The money allocated to the citizen whereby the employer shut down the operation merely a fraction of the monthly income.
People stay at home without another source of income. How to live in paradise without worry about the money? Moreover, how long will the Covid19 outbreak last? Do you know the answer?
Discover any vaccine? As if you are expecting a boat sailing across a mighty Pacific ocean without the aid of a compass to berth at the nearest destination? Likewise, it is the same for how long our saving will last? Do you know? Is your money can last for at least 6 months until the pandemic Covid19 is over? If not, why not think another way to find the best and easy source money or passive income in the future should any mishap befall on us again.
How to live in Paradise
Had you ever think today what is your hard-earned money is an active income. The fact speaks for itself, no works no money, wouldn’t you agree with me. Of course, you would say “I am on paid or annual or even sick or compensate leave” What other leave you have besides 3 months’ maternity for women. Do men enjoy the same 3 months’ benefit as our lady?
With the movement control order by the Malaysian government from 18th March to 31st March 2020, can you survive the RM600 for this period with a housewife and a few children on toll? Is this money sufficient for the whole family? Can you find a part-time job at this junction with all not essential industry closed down? No, absolutely not, it is like finding a needle in a haystack. Where can you find the money to feed your whole family? Rob or snatch, but in reality, the city has turned into a ghost town. How many people and the car could you see during Covid19?
Do you still follow me? What other option do you have now? If not, you are brutally I should say” You are such a dummy, brainwash by the Ivy League professor” “passed your examination and graduate with honor or postgraduate degree and find a good steady income job” Do it ring a bell to you.
Live in Paradise with money during Covid19
“E-commerce, affiliate link” sounds familiar or an alien term to you. If not, I do not know what the world you are living in. The fact, this is a digital era, at least 5% of these bloggers or e-commerce marketer making endlessly no less than 5 figures US dollars a month. They travel across the globe with a laptop with endless money flow into their PayPal account. Here is the example of my website https://marchtravel.com/
Well, you said, it is so hard to make a lot of money. Yes, I totally agreed with you. But nevertheless, those successful people have a strong determination and persistence to go on.
The truth is that you must follow the right mentor to guide you. It is easy to leverage their time and failure in order to gain a vast experience from them so that you can shorten the time to succeed. Here is the link whereby you can build up your own eCommerce.
Hear the insurance agent sells online during the Covid19. Yes, I do join them a long time ago. In fact, selling general insurance is much easier than you ever thought. I use Whatapps for renewal and even new cases from other nations, not locally. Thus I have no physical contact with them to avoid Covid19. Frankly speaking, I don’t sell motor insurance; it contributed less than 10% of my portfolio. My main criteria are marine insurance and medical card beside fire and loss of profit insurance.
Passive income money during Covid19
What is passive income money? What is a hack of passive income? Let us dive into the unit trust or mutual fund industry
But wait, do you have a clue about passive income. In a simpler term, it means you receive income money without work for it. You would argue with me “Too good to be true, but nevertheless it is truth”
Indeed, all unit trust company regular pay monthly or twice weekly to their agency force without failed as long as it has a net asset value
The passive income money or career benefit based on individual agent net assets valued at the end of the month. Similar to your take-home monthly, would you like to grab it yourself.
Monthly passive income money is again depending on the hierarchy ranking.
Agent Supervisor with a range of monthly RM1K to 2K, on top of the 5% and 6.5% subsidiary of car and housing loan. The car loan caps at RM50K and housing from minimum Rm100K to RM200K.
RM2k to 7K on average for Agent Manager with car loan limited to RM100K and house loan RM100K to 500K with 5% and 6.5% subsidiary respectively.
As for the Group Agency Manager, humbly they could easily receive Rm6k to 10K. Some of the top group agency managers earn more than RM100k monthly on this passive income money. Of course, as usual, the car loan of RM150K and a dream bungalow of up to Rm1 million. Have your ever thought of a dream house of RM 1 million with no interest attached payable up to 70 years of age?
Even our own government servant has to pay 4% interest per annum tenure until 65 of age. What you have to say, are unit trust consult not live in paradise with endless money?
By the way, before my conclusion, do you sincerely want to join me to live in paradise with endless money during Covid19. If so, please take your initiative first step.
Lastly, you can get your passive income money endless by lifting your finger by a
Nowadays, often you read or hear or see in social media been scam by the unscrupulous scammer. But, have you ever hear you are been legally scam by the insurance company. Why did I say that? Because I am the victim, moreover, ironically like added salt to my wound as I was an insurance agent myself.
Not blowing my own trumpet having passed the Chartered Insurance Institute with Distinction on my final marine claim and underwriting. I was an associated member of AAII, AMII, and CII after passed all my 6 objective papers and 3 hours written 13 subject papers. Also, I am a Marine adjuster licensed by Bank Negara. Having said that, do you think I would be much better off than people walking on the street to understand the policy contents? Likewise, would you agree I can interpret much better than some qualified life insurance agents? I joined full-time corporative Marketing personnel in a conglomerate public listed general insurance establishment in 1994. Prior to this, I handled mainly with Marine cargo insurance in 1981.
But the truth speaks for itself; I too fall as a victim by the legal scam of the insurance company.
Be alert not legally scammed by Insurance
“You are stupid, why you don’t consult your immediate up line” sarcastically said.
“Well, my immediate only an STPM holder, furthermore, his up line merely an M.C.E qualification”
“Because, you are too ego seek advice from them” Both of my up lines are from East Malaysia, at the time there is no WhatApps. Now, I hope you understand my situation.
“You don’t go for training” You are wrong. I attended and enjoyed the sharing training with zest with a lot of questions. In fact, I arrived earlier before the training with a notebook and pen. I scrapped the entire note as if I attended a lecturer or tutorial.
How insurance can scam you
I joined the life insurance in 2005 after my relative knew my predicament of Rm250K overdraft loan with a local bank. Eagerly I signed up and sat for the life and investment-linked examination. Nothing too proud of, of course, I passed with a distinction with less than an hour in the examination, In late December 2004, the 3 hours objective paper. Mind you, we still used a 2B pencil to shade the correct answer. After that, we waited for weeks for the results from the insurance company that we had earlier signed as an insurance agent.
Meanwhile, waiting for the result, I start to read a book on a life insurance policy. But to my astonished, in fact, the most popular product is the investment-linked insurance, besides the endowment policy. Why no term insurance? Please ask the insurance company, but the agent point of view, 10% commission not attractive enough to put the hard work. On top of that, it is a cheap premium without any saving in nature.
Anyone can answer me “what is the purpose of life insurance” Protection. Isn’t correct? If you say “saving” is ill-informed by the insurance agent. Unit trust or mutual fund or even bond gives a better return than the fixed deposit. Obviously, it is not the investment-linked product that you have purchased from a life insurance company.
Be alert why insurance can scam policyholder
All in all, when you approach by an insurance agent for life policy, do you really know what product suit your criteria? Even with the fact-finding and your financial standing. You are pretty sure the insurance would propose 3 in one policy to you. Namely, the only choice left for you is the investment-linked 36 critical illnesses. And of course not forget the utmost important medical card and waiver of premium rider that you need the most. Is that a level term insurance regardless of the entry age?
Besides the 110% commission payable to an insurance agent, how much left for the investment compared with 5.5% charges for unit trust. Even cheaper if you parked your hard-earned money in the 3.75% e investment and 1% for bond charges. Frankly speaking, even a primary school student would able to answer which is more premium in comparison.
Be alert not legally scam by linked insurance now
Non-Transparency Investment-linked Insurance
Had your ever cross your mind the reason why insurer promoted fiercely. It can legally con the insured, am I not wrong to say that. Faithfully, you pay the premium via credit or debit card without pay every month. The dear insured had ever received a small booklet stating the percentage of the premium. Which sector of the industry, for instance, telecommunications, consumer product, finance, technology, energy? Also, is it invested locally or abroad? Which country with the breakdown in percentage invested, for example, Japan, USA, China, regional or the Asia Pacific? What about the management fee and trustee fee per year?
Affirmative you would say “NO” Truly; the insurance company is no transparent toward the insured. This is legally scamming the insured, wouldn’t you agree? Year-end, you would receive a copy of the mail stated the balance unit and the net asset value. If the unit trust or mutual company can deliver a brochure with details of the percentage of major companies that had invested, likewise, why can’t the insurance do the same? Thus, it lacks transparency to the insured.
How insurance scam policyholder
After all, you ask me where is evidence. Hereby, let me illustrated you with proof to you with the actual scenario. Of course, I have deleted the insurer name for the view of the general public, and also, not to tarnish the reputation of the insurer.
I signed up for the policy in 2010, to cover part of my renovation housing loan of Rm250k for the tenure of 18 years. Why RM30K sum insured, not the RM250k as I have other life policies? I did the auto-debit from my visa card monthly of RM250.00. Why not is the mortgage reducing loan or mortgage reducing term loan? Please refer to my website yesnoclaim.com. On top of that, the training facilitator always emphasis on the investment-linked product for saving purpose. How far it true now, let use your acumen to be my judge?
After paying RM21 500.00 due to the “premium holiday”, I stop the payment for a while. Moreover, when I purchased a programmer from the USA for e-Commerce at home, the counter clones my visa credit card of US$69.00 after a week. I alert the bank to cancel and replace me with a fresh visa credit card. As I engrossed to master the new subject, I forgot to inform the insurer. But, nevertheless, I only blamed my forgetfulness and moreover thinking of premium holiday.
Be alert not legally scam by linked insurance now
Gentle warming reminder from insurance
To my dismay, a 5 pages letter arrived at my letterbox. The insurance stated that charge due date on 12 Sept 2019 with only a value of RM889.55. Given the option 1 of paying up with addition a regular top-up of 391.00/month based on last premium due date. Your proposed total premium of RM641.00/month, why the word you proposed?
For your information, in the contract of insurance law, you as an insured offer your premium as a consideration to the insurance company. It depends on the insurer to accept or reject your offer.
Or perhaps, financial sound, I could pay up the outstanding premium of Rm6K from the premium holiday commenced from 12 Oct 2017 to 12 Sept 2019.
Moreover, the investment amount is only 95% of your premium paid. Despite the fact, you are aware the agent commission stops at year 6. Why not the full amount paid? The insurance hijacked your 5% premium payable, would not agree with me?
The option 2, absolutely insane, makes a single top-up premium of RM 107,954.00. If you can pay up such a big chunk of money, would you pay for it? Just pay a paper contract of promise? Again, have you considered your other opportunity cost for it?
Also, another option 3 is to increase the basic premium or reduced sum insured or removed some riders. Thus, by doing so, you pay lesser premiums to reduce your burden?
Indeed, I am at the crossroad, could anyone lent me your hand to solve this crisis.
The shocking truth of insurance scam
I left penniless on 12 Jan 2020 if I do nothing of it. How sad! After paid Rm21500.00, you get nothing in return? Is that called saving by investment-linked product? You tell me. Legal scam by the insurer is the true fact. Protection and coverage you say for almost a decade? My feet!
Further, the fund return is a projection return range from 4% to 7%. It sounds so good to be true, isn’t it? Anyway, it is still a projection, what is the fund manager doing? Sleep on the job. Of course, you could predict the future return. But the past record was a historical figure, but it did not reflect the good return here.
Let me illustrated here. Let us take Rm125.00 monthly top up with 4% interest per annum, After 7 years you would get Rm12 267.09. Please bear in mind I only use Rm125.00 (i.e. 50% for the whole 7 years) of the premium paid to derive this figure. How could we stomach this Rm899.55? Don’t tell me is a saving principle element here. OR scam! Is it fair to the policyholder, where shall we seek justice?
Without further ado, let us dive deeper, why I took 50% of the premium paid for the investment. There is a higher premium for the age entry, the younger, lesser premium charge, with a better-off return also bigger sum insured. The older you are, you pay more premiums, less coverage and less return in a shorter span of time. That is the main reason, it is better to have insurance coverage at a younger age of entry.
Insurance coverage Scam Be alert
Additionally, it covers another 4 years for my total permanent disablement. Isn’t it like rubbing salt to my wound? The termination covers stop at when you attain the age of 65. If you longer than a day, a mishap when you slip and fall and bedridden, no payment for the RM30k. Thus, you have to pray no accident befalls on you until you are 100 of age.
With a basic sum insured of RM30K for the life and 36 critical illnesses each respectively, thus gives a total sum insured of RM60K. If you die with the coverage period, you would receive RM60K by your next of kin. Of course in addition to some fund return still based on projection.
Ignored the earlier payment of RM21 500.00, let us take a single up premium payment of RM107,954.00, what is the opportunity cost of this amount in comparison with the sum insured of RM60K.
Assuming the lower return of 4% with a 39 years period as given by the insurance company fund manager and actuarial calculation, finally, you reward with a handsome better return by the insurance. It is a no brainy science; use the simple interest compound interest. In the end, you get a small fortune of RM498 355.17. The interest alone you gain to stand for RM 390 401.17 that is 78% and your principal of 22%.
You are a millionaire if we use 7% with the 39 years tenure and the same principle. Voila, the final reward is RM $1,510,796.84. Would you prefer the Rm1.5 million or the RM60K plus some uncertainty interest return?
The worst case of scamming scenario
Be alert not legally scam by linked insurance now
Please refer to the page, after paid-up faithfully for 7 years, it really made my heart boiling to the maximum on the last page stated the projection figures are for sales illustration only.
Conclusion: Be alert not legally scam by linked insurance now
Now, all things consider and in the final analysis, had you ever stumbled across life insurance under receivership? Certainly, for sure there is none. With is kind of peanut return, are we not a legal scam victim by the insurance.?
The investment-linked insurance designed by the actuarial for protection and saving elements. I reserve my comment. I really don’t know.
Is the insurance company really scammed the policyholder or taking us for a ride? By now, you know the sincere answer.
Wrapping here, my final word, please read and digest your policy within the 14 days grace period upon receiving from the agent. Please surrender the policy and seek a full refund with no question by the insurance company if you find out it is worthless a contract of insurance that not up to your satisfaction.
Lastly, I sincerely hope to get your valuable comment or feedback for me to improve and share with others to avoid future mistakes like I did.
As a matter of fact, Kluang is not only famed for the Kluang Coffee due to the fact they are more 500 plus coffee kiosk. But to sadly, The Kluang the best healthy mutton biryani has often marginalized. Had you ever try the Kluang Tmn Desa Halal healthy mutton biryani. If no, then I would say you have not to visit Kluang. Why? You would ask me? The fact says for itself. I am not blowing my trumpet here. The mutton biryani is the best in Kluang judging from the 3 to 4 operation hours each day. Would you cross your mind, which restaurant opens for a few hours of trading? I am sure it is none.
Moreover, the shop not only sells mutton biryani rice but also the chicken biryani rice too. However, It operates daily from 10.30 am to 1.30 pm, after the addict customers devour all the mutton biryani. Is it surprising to you? What the hack the owner only opens for a few hours in a day. But, nevertheless, the truth speaks for itself.
Origin of Mutton Biryani
In fact, mutton biryani is a healthy nutritional food providing you with immunity power. It is not only healthy for the body but also increases the strength of the bone. Also, you can consume mutton biryani along with side dishes such as pappadam, salad, and pickles.
However, there are many versions of the origin of biryani. But, it noted mainly origin during the Moghul Empire in the Indian south continent.
But the main basic ingredient remains the same with many spices added to the mutton in order to enhance the flavor. The chef uses mainly boiled the long grain rice with some spices adding to it in India subcontinent. Whereas the Middle East mainly the Arab prefer to eat Nan instead of the rice, but nevertheless it is still mutton or lamb biryani.
Hyderabad Mutton Biryani
Remember vividly, I first tasted the best mutton biryani that I had ever eaten in a restaurant. It was a stone throw away from the main gate of the Osmania Medical College in Hyderabad. Extremely hot and spices with fresh dried raisin added into the rice. After 30 minutes of devouring, my Iranian friend dashed off to the toilet.
“What happened to you Ali, are you alright?
“Jamin, the hot and spices mutton biryani. I feel the burning sensation around my anus. I not used to take hot chili spices food back home.” he explained.
Kluang Healthy Mutton Biryani
Truly, the tasty finger licking Kluang Desa Biryani, if you had not tried it, that implied that you have not to visit Kluang. Ask the Kluang folks, they would proudly inform you of the exact location. The Kluang Desa mutton biryani is a double story shop lot situated parallel to the main road between Kluang and Air Hitam. When you arrive at Kluang Desa from the North-South Highway exit to Kluang town. Then, you would notice a traffic light junction before you take a left turn, in front of the Petronas kiosk. The sibling affair business runs for almost 2 decades by two brothers in Taman Desa, Kluang.
Mutton biryani sold out
In fact, on a normal day, it starts to serve the throng of customers queuing up as early as 10.30 am. 2 large pots of Basmati long grain rice would finish by 12.30 pm. I feel sorry for the latecomer. You can choose either mutton or chicken with side order like pappadam beside the cucumber and pineapple “achar”. Wouldn’t it be a good idea to sip a cup of cool lemon ice refreshing drink to round up your meal?
But what a pity, as it occupies only one shop lot, so, it is not spacious for the crowd. Thus, the customer prefers to pack their food eating in the air-conditioning office or at home. Likewise, it is a setback for patron indeed. But once you have eaten, you would come back for more. People would not mind eating with full perspiration under the oscillating fan as long as the food is authentic and delicious.
Healthy Mutton Biryani the best in Kluang, is a must-try for your
next visit to Kluang.