Friends Provident, Zurich International and Insurance Linked Investment Products

Sadly, my most popular posts are warnings about insurance linked investment products that are big on promises, but long on disappointments.  

zurich warningThe comments on my blog are filled with crushing stories of product misrepresentation, and many hard-working expatriates have been pulled into the webs of deception.

Tony Noto, an independent financial advisor, wrote a fabulous article which contributes to the transparency investors deserve.

 Please read his article here. 

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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4 Responses

  1. tejas says:

    Read your article on FPIL.. was impressed with your knowledge – Hence wanted to get your opinion on the below

    Friends Provident Int’l (FPIL) Term Plan of – USD 150,000 Life cover with USD 150,000 Critical Illness cover as well as USD 150,000 TPD (Total & Permanent & Disability) Cover. They have considered a 35 year Term which covers you till you reach Age 75+ & of-course will act as a hedge against your income during remainder of your working career.

    The total premium under this Term plan is USD 102.76 per month. This is a Term policy, there is no money back in case there are no claims during the 35 year term period.

    Also they are saying that the critical illness (34 illnesses covered) cover is paid out as soon as a claim is made based on the doctor’s diagnosis (of any 1 of the listed illnesses) & is independent of whether the person recovers from the illness as well as what amount is spent on the treatment.

    Hw safe are they in Insurance & claim processing any idea. I know you are a expert on Investment – but just thought if you have any view on their Term Policy

    Many Thnx Andrew

    • Hi Tejas,

      It’s good that you’re looking for term insurance. I haven’t heard complaints that they don’t pay out, but you may want to shop around to determine how strong the payout is, relative to the premiums paid. If I’m reading what you wrote correctly, it doesn’t look like very strong coverage.

  2. tejas says:

    Many Thnx for a prompt reply – This term plan is with 34 critical illness – 7 that was wht in particular I was looking for more over they pay off as soon as you are diagnosed
    I am sorry I did not get your point on it doesn’t look like very strong have any better Insurance which I can refer too

    Many thnx Once again

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