ok... my view is as long as u do something with ur savings, its
a good option. so i'd support you on that. you can also put the
$1000 back to earn higher interest if im not mistaken. And it
offers higher rates than bank's interest rates.
Just note that the protection/insurance component is not
terribly high so you'd be quite short on coverage. U might want to
ask your advisor on the insurance part. It's important to get
insurance coverage b4 u're 30 because after that insurance charges
just keep going up.
Yeap. I'm aware that the insurance coverage is not as high as a
life insurance or a term plan. I am planning to purchase prushield
for coverage which uses medisave to pay the premiums.